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CHAIRMAN’S STATEMENT OVERVIEW Covid-19 was declared a pandemic and the country went into lockdown from 30 March 2020. The lockdown restrictions remained in place at different levels throughout the period under review. The containment measures affected business through limited production, supply chain disruptions, logistical bottlenecks and reduced aggregate demand. Hyperinflation, underpinned by runaway depreciation of [...]

NOTICE is hereby given that on the 19th of November 2020, the Board of Directors declared an interim dividend (number 28) of 26 ZWL cents per share payable in respect of the qualifying ordinary shares of the Company to be paid out of the profits for the period ended 30 September 2020. The dividend will [...]

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 addition, the [...]

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 [...]

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 [...]