Izwe Loans posts 18p.c. decline in revenue
Published On May 26, 2021 » 1196 Views» By Times Reporter » Business, Stories
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By MAIMBOLWA MULIKELELA –
IZWE Loans Zambia Plc (Izwe)’s gross revenue declined by 18 per cent to K354.7 million in 2020 from K432.32 million recorded the previous year. This is according to the Company’s abridged financial statement for the financial year ended December 31,2020 posted on Lusaka Securities Exchange (LuSE). The statement indicated that the reduction in revenue was primarily attributed to the strategy adopted by management to preserve liquidity and reduce growth levels amidst adverse macroeconomic conditions.

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