CAFCA records lockdown-induced dip in Q320 volumes

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  • Volumes declined by 27%
  • Year to date conductor sales dropped by 13%
  • Exports for the nine months to date increased by 45%

Harare – Manufacturer and supplier of cable products, CAFCA Limited registered a contraction in sales volumes in the quarter ended June 2020 (Q3 2020).

Volumes sold in the period under review were 27% below the prior comparative quarter mainly as a result of the COVID-19 induced lockdown.

Conductor tonnes sold in the quarter were down by 37% to 393 from 540 tonnes in the same period last year.

Conductor tonnes sold year to date were 13% down from 1 384 tonnes in the prior comparable period to 1 228 tonnes in the period under review.

Despite the setback brought about by the COVID-19 pandemic, the Company however is confident that by year end, its volumes will be in line with the previous year.

The Company added that to ensure local and export sales requirements are met and also as a hedge against hyperinflation it is increasing finished goods stock levels which are now currently at 806 tonnes against a monthly sales model of 140 tonnes.

Exports for the nine months to date increased by 45% to 207 tonnes compared to 143 tonnes in the prior nine-month period.

CAFCA’ s manufactures over 900 cabling products which are used in the transmission and distribution of electronic energy and information in Southern and Central Africa.

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