- Published on 27 November 2017
Zimbabwe Stock Exchange-listed conglomerate, Meikles Limited has bounced back to profitability after registering a $3.2 million profit in the half year to September 2017 compared to a loss of $1.4 million in the same period last year.
Company revenue grew by 12% to $254 million from $225.9 million in the previous year. Earning before tax, depreciation and amortisation grew by $5.7 million (60%) from $9.5 million in the previous year to $15.3 million. TM Pick n Pay’s revenues also grew 15% to $232 from $202 while Ebitda grew by 38%. Tanganda increased revenue by 26% to $12.9 million from $10.2 million. Hospitality segment also registered a profit of 13% to $8.7 million. (Daily News)