StockMarketWire.com - Investment company Cambria Africa said it expected a worse-than-expected result due to a depreciation of the Zimbabwean dollar.

The company said its operating profits in US dollars for the second half of the 2019 fiscal year 'did not meet management's worst expectations'.

However, it said it continued to trade profitably in Zimbabwean dollars.

Cambria Africa said it expected to release its results by mid-February.

The company also said that payments subsidiary, Payserv Africa, had a case against the Bankers Association of Zimbabwe dismissed.

Payserve would be liable for the association's legal costs.


At 1:56pm: [LON:CMB] Cambria Africa share price was +0.06p at 0.42p



Story provided by StockMarketWire.com