21.7 C
Harare
Friday, May 14, 2021
Relatively stable currency, decline in inflation led to improved business activitiesGroup reported revenue of ZWL$9.711 billionBorrowings increased by ZWL$464 Harare – Specialty retail and distribution group, Axia Corporation Limited hailed the prevailing exchange rate stability which it says helped businesses to plan better.
Revenue up to ZW$27.759 billionRecorded strong volume growth across most product categories Harare – Innscor Africa Limited recorded a 774 percent growth in revenue from ZW$25.342 billion to ZW$27.759 billion for the year ended December 31, 2020 driven by strong volume performance across...
HEPS grew by 10.7% to 419.6 centsSales were driven by the furniture businessCurrency devaluations in key African markets upset Group effortsDeclares interim dividend Africa’s largest food retailer, Shoprite Holdings reported a 10.7% growth in earnings for the half-year ended 27 December 2020 helped...
Siyarova retires after 15 years with the companyKarombo will take over from 5 April 2021OK was named winner of the Top Performing Companies listed on the ZSE in 2018 Leading supermarket retailer, OK Zimbabwe Limited announced Chief Executive Officer Mr. Alex Siyavora will...
Sales volumes grew by 7%Revenue up 27%Group experiencing reasonable levels of trade under the current lockdown HARARE – OK Zimbabwe Limited saw a slight sales increase of 7% during the third quarter ended 31 December 2020 and below the prior year by 15%...
Food and online sales grew by 10.9% and 158.5% respectivelyRetailers in SA have been hit hard due to COVID-19 casesIn morning trade, the Group’s share surged 9.28% to R44.06 South African retailer Woolworths Holdings Limited reported a 5.3% sales increase for the 26...
Year on year volumes drops by 19%Low sales income affects Delta’s forex earningsBusiness continues deteriorate as restrictions tighten Harare- United National Breweries (SA) (UNB), recorded a year on year 19% decline in volumes for the third quarter (Q3) ended 31 December 2020 as...
Revenue down 8%PAT adversely impacted by monetary loss exchangesThe Group opened a new store espite Covid-19 constraints Harare – Hospitality and retail group, Meikles Limited said its profit fell for the half-year ended 30 September 2020 as revenue slid due to COVID-19 induced...
Business for the retailer has been adversely affected by competition from informal boutiquesThe company is slowly losing its competitive edge of being able to sell on credit because of macroeconomic volatility and hyperinflationTotal credit sales for Q1 2021 were 31,5%, way below average.
Overheads grew by 680.6%Revenue grew to ZWL8.7 billion from ZWL1.1 billionPost 30 September 2020, the Group opened 2 more retail outlets Harare – Ok Zimbabwe Limited saw its overheads spike rapidly during the six months ended 30 September 2020, reflective of the negative...