ZECO Holdings says its first quarter to March 31, 2025 financial performance was adversely impacted by elevated production and operational costs, mounting pressure on profit margins.
The ZSE-listed engineering firm recently transitioned into real estate operations.
In a trading update, the group said administration expenses grew to 57 percent of total revenue from 8,41 percent in the prior year although property expenses stood at 3,49 percent compared to 29,76 percent in the prior year for the quarter.