The economic environment, characterized by declining consumption and falling product prices, continued to be difficult. Net sales for the quarter were close to budget but 3.5% below prior year. Faced with a shrinking economy and declining revenues, management focus is on improving the company gross margin while managing costs to sustainable levels. During the quarter, [...]
The Directors of OK Zimbabwe Limited are pleased to announce the release of the Group's 2014 annual report for the year ended 31 March 2014. Below is an extract of the Chairman's Statement and a few financial highlights. Chairman's Statement Overview The slowdown in national economic activity reported on at half year worsened in the [...]
NOTICE IS HEREBY GIVEN THAT the Thirteenth Annual General Meeting of Members of OK Zimbabwe Limited will be held in the OKmart Functions Room, First Floor, OKmart, 30 Chiremba Road, Hillside, Harare on Thursday 24 July 2014 at 15:00 hours for the following purposes: ORDINARY BUSINESS STATUTORY FINANCIAL STATEMENTS To receive and adopt the Financial [...]
NOTICE TO MEMBERS NOTICE IS HEREBY GIVEN THAT the Thirteenth Annual General Meeting of Members of OK Zimbabwe Limited will be held in the OKmart Functions Room, First Floor, OKmart, 30 Chiremba Road, Hillside, Harare on Thursday 24 July 2014 at 15:00 hours for the following purposes: ORDINARY BUSINESS STATUTORY FINANCIAL STATEMENTS To receive and [...]
OK Zimbabwe announces the release of its audited results and analyst presentation for the full year ended 31 March 2014. Below are some of the financial highlights: Financial highlights Revenue increased marginally by 0.8% to $483.7 million Profit for the period declined to $9.7 million Attributable earnings per share of 0.85 cents Final dividend of [...]
OK Zimbabwe announces the release of the analyst presentation for the unaudited results for the six months ended 30 September 2013. Below is a summary of the performance review: Performance review Sales growth of 5.4% (inflation at September year on year was 0.86%; subdued GDP growth) decreasing demand caused by tight liquidity and limited disposable [...]
NOTICE is hereby given that on 14 November 2013 the Board of Directors declared an interim dividend (number 17) of 0.20 cents per share payable out of the profits of the Group for the half year ended 30 September 2013. The dividend will be payable on or about 14 January 2014 in United States Dollars [...]
OK Zimbabwe announces the release of its unaudited results for the six months ended 30 September 2013. Below are some of the financial highlights: Financial highlights Revenue up 5.4% to $243.6 million EBITDA up 4.8% to $9.6 million Profit for the period stable at $4.8 million Earnings per share 0.43 cents versus 0.47 cents in [...]
OK Zimbabwe Limited AGM 19 July 2013 Trading update The company achieved revenue of $123.1 million which was a growth of 5.1% over same quarter of F13. This was slightly below our rather aggressive budget which took into account anticipated national GDP growth of 5%. It is generally accepted that the country may actually have [...]
The Directors of OK Zimbabwe Limited are pleased to announce the release of the Group's 2013 annual report for the year ended 31 March 2013. Below is an extract of the Chairman's Statement and a few financial highlights. Chairman's Statement Overview National Economic growth in the 2012 calendar year slowed down to 4.3% from 9.3% [...]