OK Zimbabwe is pleased to announce the release of its 2013 audited results and analyst presentation for the full year ended 31 March 2013. Below are the financial highlights and an extract from the Chairman’s Statement:
Mr V. W. Zireva – Chief Executive Officer (left), Mr A. E. Siyavora – Finance Director (center) and Mr A. R. Katsande – Chief Operating Officer (right) , at the FY2013 results analyst briefing.
Highlights
- Revenue up 16.3% to $479.6 million
- Profit for the year increased by 20.1% to $12.4 million
- Attributable earnings per share up 18.0% to 1.2 cents
- Final dividend of 0.40 cents per share
Chairman’s Statement
Overview
National Economic growth in the 2012 calendar year slowed down to 4.3% from 9.3% recorded in 2011. The slowdown continued into the first quarter of 2013. Economic growth was limited largely by insufficient capital, lower employment and resultant liquidity constraints which affected the pace of investment and the level of consumption. Prices of goods and services were relatively stable as indicated by the year-on-year inflation rate of 2.76% at the end of March 2013…
The 2013 abridged report and analyst presentation are available for download on the ‘Downloads‘ section of the OK Zimbabwe website or by clicking on the links below.