Afpedia Products For Sellers For Buyers Trade Shows Industrial Cluster

My Afrindex

Sign In

Join Now

Help

简体中文

Zimbabwe Axia Fy Profit Up 6pct to $15,3mln

Zimbabwe Axia Fy Profit Up 6pct to $15,3mln

Photo by:Zimbabwe News


Axia Corporation reported a six percent increase in after tax profit to $15,3 million in the year ended June from $14,5 million last year on increased revenue.

Revenue at $248,3 million was 26 percent up on prior year's $197,5 million , resulting in a 10,8 percent increase in earnings before tax and interest (EBIT) to $22,1 million.

TV sales and hire reported a 37 percent increase in revenue as sales increased 51 percent.

"This has been spurred by growth in cash sales over the comparative period owing to well marketed and merchandised stores and a shift towards formal channel," chairperson Luke Ngwerume said in a statement accompanying the company's results on Thursday.

Distribution Group Africa Zimbabwe recorded a volume increase of 45 percent resulting in a 37 percent growth in revenue, as the group acquired new distribution agents. Transerv recorded a 3 percent increase in revenue.

Total assets increased by percent to $116,8 million from $105,2 million previously.
Net borrowings increased by $9,7 million to $25,8 million mainly to support working capital investments.

Axia spent $1,72 million on capital expenditure.

The company declared a final dividend of 0,22 cents and an additional special dividend of 0,08 cents.

Advertising
Authority of the media industry, providing products integrated brand communication! Reasonable advertising prices
Customized
Authority of the media industry, providing products integrated brand communication!
Investigation
Tailor-made for you,depth,professional research reports,providing effective decision making!
Data
Professional and accurate trade data,exports to help you break through the bottleneck,tracking peer dynamic,grasp industry trends!
Others
Authority of the media industry, providing

Buyers Suppliers

Hot Search