OK Zimbabwe – Announcement of Strategic Acquisition of Food Lovers Market

The Board and Management of OK Zimbabwe Limited formally announce the strategic acquisition of Food Lovers Market Zimbabwe. The Company successfully concluded the acquisition of the assets and business of Talwant Investments (Private) Limited trading as Food Lovers Market in Harare’s Borrowdale and Avondale as well as Bradfield, Bulawayo. The transaction excludes the Greendale store [...]

2023-01-13T12:33:04+02:00January 13th, 2023|Corporate announcement, Featured|Comments Off on OK Zimbabwe – Announcement of Strategic Acquisition of Food Lovers Market

OK Zimbabwe Reviewed Condensed Financial Results for the six month period ended 30 September 2022

Financial Highlights Chairman’s Statement Dear Shareholders The first half of our Financial Year (F23) witnessed a very volatile trading environment that was characterised by episodes of extreme exchange rate volatility that resulted in high inflation. The annual inflation which was recorded at 96% at the beginning of the financial year, rose to 280% at the [...]

2023-01-13T12:34:41+02:00December 21st, 2022|Corporate announcement, Downloads|Comments Off on OK Zimbabwe Reviewed Condensed Financial Results for the six month period ended 30 September 2022

OK Zimbabwe Interim Dividend Announcement Notice

NOTICE is hereby given that on the 20th of December 2022, the Board of Directors declared an interim Dividend Number 32 of 0.13 USD cents per share payable in respect of the qualifying ordinary shares of the company to be paid out of the profits for the half-year ended 30 September 2022. The Dividend will [...]

2022-12-21T18:41:04+02:00December 21st, 2022|Corporate announcement|Comments Off on OK Zimbabwe Interim Dividend Announcement Notice

OK Zimbabwe | Cautionary Statement

The Board of Directors of OK Zimbabwe Limited (“the Company”) wishes to advise all shareholders and the investing public that the Company is engaged in negotiations for a potential transaction involving the acquisition of a complementary business, which if successfully concluded may have a material effect on the price of the Company’s securities, the full [...]

2022-12-21T17:51:01+02:00September 7th, 2022|Corporate announcement|Comments Off on OK Zimbabwe | Cautionary Statement

OK Zimbabwe Trading Update for the Quarter Ended 30 June 2022

ENVIRONMENTAL OVERVIEW Inflationary pressures that gathered momentum at the end of the last financial year have persisted, with month-on-month inflation for June 2022 increasing sharply to 30.7% from 21% in May 2022. Year on year inflation for the month of June 2022 was reported at 191.6%, a significant increase from 72.7% reported at the end [...]

2022-09-07T16:11:40+02:00August 15th, 2022|Corporate announcement|Comments Off on OK Zimbabwe Trading Update for the Quarter Ended 30 June 2022

OK Zimbabwe | Results of the Twenty-First Annual General Meeting

Members are hereby advised that the following Resolutions were unanimously passed without alterations or amendments at the Twenty-First Annual General Meeting of the Shareholders of OK Zimbabwe Limited held on 28 July 2022: RESOLUTION RESULT Ordinary Business 1. Consolidated Financial Statements and Reports Adoption of Financial Statements for the year ended 31 March 2022, together [...]

2022-08-15T17:18:53+02:00August 4th, 2022|Corporate announcement|Comments Off on OK Zimbabwe | Results of the Twenty-First Annual General Meeting

OK Zimbabwe – Notice of appointment of non-executive directors

MR. CHARL JOHN GONCALVES INDEPENDENT NON-EXECUTIVE DIRECTOR The Company is pleased to announce the appointment of Mr. Charl John Goncalves to the Board of Directors as an Independent Non-Executive Director with effect from 1 September 2021. Charl is a Chartered Accountant registered with the South African Institute of Chartered Accountants. He completed his articles with [...]

2022-08-04T09:46:00+02:00August 4th, 2022|Corporate announcement|Comments Off on OK Zimbabwe – Notice of appointment of non-executive directors

OK Zimbabwe releases its 2022 Annual Report

Chairman’s Statement Overview The country’s operating environment was relatively stable compared to the prior year, mainly on account of relaxation of Covid-19 restrictions. Official annual inflation closed the financial year at 72.7%, having declined from 240.6% for March 2021. The Reserve Bank of Zimbabwe (RBZ) foreign exchange auction platform managed to induce stability in the [...]

2022-08-04T08:56:23+02:00July 25th, 2022|Corporate announcement, Downloads|Comments Off on OK Zimbabwe releases its 2022 Annual Report

OK Zimbabwe – Notice of the Twenty-First Annual General Meeting of the Shareholders

NOTICE IS HEREBY GIVEN THAT the Twenty-First Annual General Meeting of the Shareholders of OK Zimbabwe Limited will be held at the registered Company office at 7 Ramon Road, Graniteside, Harare on Thursday 28 July 2022 at 15:00 hours for the purposes of transacting the business detailed below. Shareholders will be requested to connect and [...]

2022-07-25T17:37:03+02:00July 7th, 2022|Corporate announcement|Comments Off on OK Zimbabwe – Notice of the Twenty-First Annual General Meeting of the Shareholders

OK Zimbabwe FY2022 results analyst briefing presentation

OK Zimbabwe announces the release of the analyst presentation for the Audited Abridged Financial Results for the year ended 31 March 2022. Below is a summary of the financial highlights: Revenue increased by 34.7% to ZWL79.8 Billion. Operating Income increased by 54.5% to ZWL5.7 Billion Basic Earnings per share increased by 45.1% to 217,03 ZWL [...]

2022-06-23T12:25:01+02:00June 23rd, 2022|Corporate announcement, Downloads|Comments Off on OK Zimbabwe FY2022 results analyst briefing presentation
Go to Top