Umodzi Holdings Post Profit

Umodzi Holdings Limited, which owns BICC, Malawi Square, Presidents Hotel and Presidential Villas, has said it has posted it’s first profit since it was established around 2013.

Umodzi Holdings Limited Chairperson John Kamanga says the firm, which has been registering losses recorded a profit of K413 million in the year ended March 31, 2022.

According to Kamanga, the firm has also audited financials dating back to 2015.