Chairman’s Statement Operating Environment On behalf of the Board of Directors, I am pleased to present the financial results of OK Zimbabwe Limited (“the Group” or “the Company”) for the year ended 31 March 2024. The operating environment remained constrained throughout the course of the financial year characterised by uncertainties, currency fluctuations, price instabilities, high [...]
THE COMPANY HEREBY PROVIDES ITS TRADING UPDATE FOR THE FIRST QUARTER ENDED 3O JUNE 2024 OPERATING ENVIRONMENT The introduction of the new Zimbabwe Gold currency (ZWG) brought with it a measure of stability. This resulted in year on year inflation declining from 57.48% in April 2024 to 3.76% by 30 June 2024. However, the shortage [...]
NOTICE IS HEREBY GIVEN THAT the Twenty-Third Annual General Meeting of the Shareholders of OK Zimbabwe Limited will be held virtually on Thursday 29 August 2024 at 15:00 hours for the purposes of transacting the business detailed below. Shareholders will be requested to connect and attend the meeting virtually by logging onto: https://escrowagm.com/eagmZim/Login.aspx# ORDINARY BUSINESS [...]
Chairman’s Statement Operating Environment On behalf of the Board of Directors, I am pleased to present the financial results of OK Zimbabwe Limited (“the Group” or “the Company”) for the year ended 31 March 2024. The operating environment remained constrained throughout the course of the financial year characterised by uncertainties, currency fluctuations, price instabilities, high [...]
THE COMPANY HEREBY PROVIDES ITS TRADING UPDATE FOR THE THIRD QUARTER ENDED 31 DECEMBER 2023 OPERATING ENVIRONMENT The depreciation of the local currency against foreign currencies continued in the quarter under review. Consequently, persistent price changes adversely impacted on consumer demand and supply dynamics. Compliance with laws and regulations governing currency resulted in high instore [...]
Chairman's Statement Operating environment On behalf of the Board of Directors, l am honored to present the OK Zimbabwe Limited Group (“the Group” or “the Company”) financial results for the half-year ended 30 September 2023 (“HY24") to our esteemed shareholders. These results come at a time when the economy has suffered strong headwinds which were [...]
OK Zimbabwe announces the release of the analyst presentation for the half year ended 30 September 2023. Below is a summary of the inflation adjusted financial highlights: Revenue increased by 60.38% to ZWL727.9 Billion Operating Income increased by 121.66% to ZWL64.2 Billion Basic Earnings per share increased by 51.08% to 1,608.02 ZWL cents Cash Generated [...]
Members are hereby advised that the following Resolutions were unanimously passed without alterations or amendments at the Twenty-Second Annual General Meeting of the Shareholders of OK Zimbabwe Limited held on 2 November 2023: RESOLUTION RESULT Ordinary Business 1. Consolidated Financial Statements and Reports Adoption of Financial Statements for the year ended 31 March 2023, together [...]
Operating Environment and Business Performance The first half of our current Financial Year (F24) has been characterised by an acute period of hyperinflation that was largely driven by exchange rate depreciation. WBWS +10% Instore Rate 01/04/2023: ZWL$1025 WBWS +10% Instore Rate 30/09/2023: ZWL$6013 The formal retail channel experienced very weak consumer demand during the first [...]
Chairman’s Statement Dear Shareholders I wish to start by unreservedly apologising to you all our shareholders for the delay in the publication of the financial results for the year ended 31 March 2023. This delay, was occasioned by the technical challenges experienced during the implementation of a new Enterprise Resource Planning (ERP) system. However, I [...]