Ariston Holdings Limited (ARIS.zw) listed on the Zimbabwe Stock Exchange under the Agricultural sector has released it’s 2022 annual report.
The financial year ended September 30, 2022 was marked by major disruptions worldwide, including the ongoing effects of the Covid-19 pandemic on the world economy. This resulted in a reduction in the macadamia market size, particularly due to lockdowns in China. The agricultural season was characterized by erratic rains and hotter temperatures. The group’s revenue for the year reflected a 12% decline, due to a reduction in the average selling price of macadamia and lower yields. The group also posted a loss from operations due to a mismatch in revenue from exports, and finance costs increased by 43%. The group’s balance sheet improved overall, but in view of the need to enhance assets and preserve cash resources, the board decided not to declare a dividend. In the short term, production input costs are expected to remain high, and improvements in the macadamia market are not expected until 2024.
For more information about Ariston Holdings Limited (ARIS.zw) reports, abridged reports, interim earnings results and earnings presentations visit the Ariston Holdings Limited (ARIS.zw) company page on AfricanFinancials.
Indicative Share Trading Liquidity
The total indicative share trading liquidity for Ariston Holdings Limited (ARIS.zw) in the past 12 months, as of 1st January 2023, is US$89.7K (ZWL46.6M). An average of US$7.47K (ZWL3.88M) per month.
Ariston Holdings Limited 2022 annual report
Ariston Holdings Limited is an agricultural enterprise operating in diverse markets that range from tea, macadamia nuts, horticulture and deciduous fruits to fish farming, beef cattle and poultry. Deciduous fruits include bananas, apples and peaches; while staple crops include potatoes, tomatoes, peas, maize and soya beans. Ariston Holdings Limited has a national footprint, with six strategic business units located in the northern and eastern regions of Zimbabwe. Southdown Estates consists of three tea estates with over 1 200 hectares allocated to tea plants, almost 60 hectares to bananas and over 450 hectares to macadamia trees. Claremont Estate concentrates on growing pome and stone fruit, passion fruit and potatoes; while Kent Estate focuses on horticultural crops, poultry and livestock. The company also packages and distributes blended tea for the domestic market. Its headquarters are in Msasa, Harare. Ariston Holdings Limited is listed on the Zimbabwe Stock Exchange