The macro-economic environment continued to deteriorate as evidenced by declining consumption and continuing falling product prices. Net sales for the quarter were lower than budget and declined against prior year by 7.5%. While the company’s biggest promotion, The OK Grand Challenge Jackpot Promotion was a success, sales generation on either side of it was poor [...]
NOTICE IS HEREBY GIVEN THAT the Fourteenth 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 23 July 2015 at 1500 hours for the following purposes: ORDINARY BUSINESS STATUTORY FINANCIAL STATEMENTS To receive and adopt the Financial [...]
The Directors of OK Zimbabwe Limited are pleased to announce the release of the Group's 2015 annual report for the year ended 31 March 2015. Below is an extract of the Chairman's Statement and a few financial highlights. Chairman's Statement Overview The economic slowdown reported on last financial year deepened as evidenced by increased company [...]
NOTICE is hereby given that on 21 May 2015 the Board of Directors declared a final dividend (number 20) of 0.14 cents per share payable out of the profits of the Group for the year ended 31 March 2015. The dividend will be payable on or about 15 June 2015 in United States Dollars to [...]
OK Zimbabwe announces the release of its audited results and analyst presentation for the full year ended 31 March 2015. Below are some of the financial highlights: Financial highlights Revenue slipped to $462.7 million Profit for the year down to $7.5 million Attributable earnings per share of USc 0.65 Final dividend of USc 0.14 per [...]
OK Zimbabwe announces the release of the analyst presentation for the unaudited results for the six months ended 30 September 2014. Below is a summary of the performance review: Revenue went down by 4.8% to US$232.1 million EBITDA was sustained at US$9.5 million compared to the previous period Profit after tax also declined by 10.9% [...]
NOTICE is hereby given that on the 13th of November 2014 the Board of Directors declared an interim dividend (number 19) of 0.19 cents per share payable out of the profits of the Group for the half year ended 30th September 2014. The dividend will be payable on or about the 8th of January 2015 [...]
OK Zimbabwe announces the release of their financial results for the six months ended 30 September 2014. Below is a summary of the performance review: Revenue down 4.8% to $232.1 million EBITDA even at $9.5 million Profit for the period down 10.9% to $4.3 million Earnings per share 0.37 cents Net cash from operations up [...]
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 [...]