Afpedia Products For Sellers For Buyers Trade Shows Industrial Cluster

Online Translation

Sign In

Join Now



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.

As an authority of media industry, we can provide you integrated brand communication on your products! Reasonable advertising prices will let you enjoy great over-valued service!”
Customized Service
Customized information such as product prices, company trends, market forecasts, price curves, etc. will help you fully grasp the latest trend!
Tailor-made, in-depth, professional research reports which will explore the business opportunities is your effective decision-making reference!
Professional and accurate trade data will help you break through the export bottleneck of products, track peer dynamics, and grasp industry trends!

Buyers Suppliers

Hot Search