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 0.52 cents
  • Net asset value per share 6.81 cents
  • Proposed final dividend 0.26 cents

Overview

The economy continued to manifest signs of distress during the period under review. Growth for 2016 was 0.6% which was short of the Government forecast of 2.7%…

Group Performance

Revenue generated for the year improved by 8.0% to $472.4 million from $437.5 million in the prior year…

Outlook

The Group expects to continue growing sales, manage overhead costs and further improve profitability…

Directorate

Mr. Vimbai Willard Zireva, the Group’s Chief Executive since its public listing in 2001, and a senior executive of the Group since 1984, retired on the 31st of March 2017…

D.B Lake

Chairman

Related downloads

OK.zw – FY2017 results.pdf
OK.zw – FY2017 results presentation.pdf