AXIA | 2017 abridged financial results

By Published On: June 14th, 2018Categories: Corporate announcement

Chairman’s Statement and Review of Operations

FINANCIAL OVERVIEW

The Group delivered a good set of results during the six months under review despite experiencing some challenges in making foreign payments to suppliers, difficulties in securing import permits and constraints in supply of some local products. Increased sales volumes and cost containment enabled the Group to perform well in the difficult operating environment…

OPERATIONS

The main operating business units in the Axia Corporation Limited Group are TV Sales & Home (TVSH), Distribution Group Africa (DGA) and Transerv. TVSH is a leading furniture and electronic appliance retailer with sites located countrywide. DGA’s core areas of expertise lie in inbound clearing and bonded warehousing, ambient and chilled warehousing, logistics, marketing, sales and merchandising services. Transerv retails automotive spares, by utilising multiple channels to service the needs of its customers…

DIVIDEND

The Board has declared an interim dividend of 0.40 US cents per share in respect of all ordinary shares of the Company…

APPRECIATION

I wish to record my appreciation to the Board of Directors, executives, management and staff for their efforts, attitude and discipline they maintained during the period under review which allowed the Group to achieve these results. I also take this opportunity to thank the Group’s valued customers, suppliers and other stakeholders for their continued support and loyalty.

L E M NGWERUME
Chairman


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AXIA.zw | 2017 Abridged financial results.pdf

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