Zimpapers, publishers of the Herald, Sunday Mail and Chronicle among other titles reported that its net profit for 2016 had gone down by 26 percent. The profit fell from $2,7 million in 2015 to $2,02 million.
Revenue went down by 6,3 percent to $37,6 million from $40 million in 2015. Operating profit before tax rose by 14,6 percent to $2,5 million. The company did not declare a dividend.
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