ART Q3 revenue falls 9% as capital constraints, cheap imports drag sales 15% down
Industrial and retail group ART Holdings Limited reported a nine percent drop in turnover to $7.06 million in the third quarter to June 2026 while sales also fell by 15 percent during the period, as the group faced low demand, working capital constraints and stiff competition from cheap imports.
ART raises US$1m from assets disposal
The group – disposing machinery and underutilized property related to the Kadoma Maper Mills, and underutilized land and properties in Mutare and Harare – is currently rationalising its portfolio by exiting underperforming and non-strategic units in favour of segments with stronger prospects.