Turnall Holdings says it is optimistic of a break-even at the operating profit level in 2025, following a massive loss from operating activities amounting to US$3,2 million reported in 2024.
Group chairman, Mr Grenville Hampshire, in a trading update for the quarter ended September 30, 2025, said the turnaround will be achieved through revenue growth, increased production efficiencies, and continued cost containment initiatives.
He added that performance will also be driven by the installation of the state-of-the-art fibre-cement sheeting plant in Harare, which is now almost complete and expected to be commissioned in the fourth quarter of 2025.
“This will result in an improved product offering for our valued customers, amongst other benefits.
“In addition, the feasibility study for the conversion of the Bulawayo plant to produce non-asbestos sheeting has been completed, and the business is in the process of considering producing some trial products for testing in the regional market,” he said.
Turnall manufactures a variety of building and construction materials, including fibre-cement roofing sheets, concrete roofing tiles and other concrete products like pavers and partition boards.
According to the trading update, the company’s turnover for the period under review was one percent below last year’s quarter at US$3,3 million.
“However, sales volumes for the quarter went up by seven percent to close at 9 150 tonnes. The discrepancy between revenue and volumes is attributed to the sales mix, which had a higher proportion of low-value, high-tonnage products compared to the same period last year,” said Mr Hampshire.
He added that year-to-date sales were US$8,3 million, representing a six percent drop compared to the same period last year, whilst sales volumes, at 27 348 tonnes, were 11 percent below the prior year.
