CHAIRMAN'S STATEMENT OVERVIEW The operating environment continued to be unstable during the year under review characterised by shortages of foreign currency, local currency depreciation, hyperinflationary conditions and a decline in real incomes. The country also experienced widespread food shortages following the 2018/2019 drought which was further exacerbated by poor yields in the current season. In [...]
TRADING ENVIRONMENT The business conditions have remained unstable and challenging characterized by a depreciating local currency, severe power shortages, product supply challenges and significant increases in operating costs. Erratic supply of electricity necessitated increased use of alternative sources of power in order to minimize disruptions to the Group's operations. The extensive use of generators to [...]
CHAIRMAN'S STATEMENT OVERVIEW The trading environment became progressively more unstable towards the end of the six months to 30 September 2019. The country reintroduced the Zimbabwe Dollar (ZWL $) as the sole currency at the end of June 2019 and discontinued the use of multi-currencies in local transactions and settlement. The ZWL $ has depreciated [...]
Chairman’s Statement OVERVIEW While the first half was relatively stable, the operating environment became more challenging in the second half of the financial year. The fiscal and monetary policy pronouncements in October 2018 affected confidence in the market among holders of ZWL balances and bond notes and triggered panic buying of goods to retain value [...]
OK Zimbabwe announces the release of its audited results for the full year ended 31 March 2019. Below are some of the financial highlights: Financial highlights Revenue up to ZWL 801.9 million EBITDA increased to ZWL 76.8 million Profit for the year up to ZWL 49.2 million Earnings per share up to 4.12 ZWL cents [...]
The Directors of OK Zimbabwe Limited are pleased to announce the release of the Group’s half year financial results for the period ended 30 September 2018. Below is an extract of the Chairman’s Statement and a few financial highlights. Revenue up 23.2% to $330.1 million EBITDA increased by 41.7% to $16.1 million Profit for the [...]
The Directors of OK Zimbabwe Limited are pleased to announce the release of the Group’s 2018 annual report for the year ended 31 March 2018. Below are financial highlights from the report. Financial Highlights Revenue – US$582 million EBITDA – US$31 million Profit before tax – US$23.6 million Profit for the year – US$16.6 million [...]
OK Zimbabwe announces the release of its audited results and analysts presentation for the full year ended 31 March 2018. Below are some of the financial highlights: Financial highlights Revenue up 23.4% to US$582.9 million EBITDA increased by 90.3% to US$31.6 million Profit for the year up 174.6% to US$16.6 million Earnings per share up [...]
The Directors of OK Zimbabwe Limited are pleased to announce the release of the Group's half year financial results for the period ended 30 September 2017. Below is an extract of the Chairman's Statement and a few financial highlights. Revenue up 22.6% to $268 million EBITDA increased by 63.1% to $11.3 million Profit for the [...]
The Directors of OK Zimbabwe Limited are pleased to announce the release of the Group's 2017 full year results ad presentation for the year ended 31 March 2017. Below is an extract of the Chairman's Statement and a few financial highlights. Financial highlights Revenue US$472.4 million Profit after tax US$6.1 million Attributable earnings per share [...]