January 23, 2017 10:24 AM ET

Food and Staples Retailing

Company Overview of Meikles Limited

Company Overview

Meikles Limited, an investments holding company, engages in the stores, hospitality, supermarkets, agriculture, financial services, and guard services businesses in Zimbabwe and internationally. It operates department stores under the Meikles, Barbours, and Meikles Mega Market brand names that offer a selection of electronic and household appliances, ladies’ and men’s fashions, clothes for boys’ and girls’, furniture, kitchenware, luggage and travel accessories, shoes and footwear, baby and toddler gears, toys, and other family goodies, as well as hardware products. The company also operates a network of 52 supermarkets and hypermarkets. In addition, it operates the Meikles Hotel and the Vic...

90 Speke Avenue

Ground Floor

PO Box 3598




263 4 252068


263 4 252067

Key Executives for Meikles Limited

Meikles Limited does not have any Key Executives recorded.

Meikles Limited Key Developments

Meikles Limited Reports Unaudited Consolidated Earnings Results for the Year Ended March 31, 2016

Meikles Limited reported unaudited consolidated earnings results for the year ended March 31, 2016. For the year, the company reported revenue was $453,648,000 against $413,349,000 a year ago. Operating profit was $2,052,000 against operating loss of $10,374,000 a year ago. Loss before tax was $14,033,000 against operating loss of $37,886,000 a year ago. Loss for the year attributable to owners of the parent was $22,712,000 or 8.31 cents per diluted share against $34,445,000 or 12.60 cents per diluted share a year ago. Diluted headline loss per share was 5.93 cents against 4.07 cents a year ago. Net cash generated from operating activities was $20,123,000 against $12,182,000 a year ago. Payment for property, plant and equipment was $14,601,000 against $25,319,000 a year ago.

Meikles Limited Announces Group Earnings Results for the Year Ended March 31, 2016

Meikles Limited announced group earnings results for the year ended March 31, 2016. For the year, the group turnover for the year to 31 March 2016 increased by 10% relative to the previous year. With the exception of Hospitality, all segments of the Group contributed to the increase.  The total group turnover for the year was $454 million. Operating income increased by 14%. Expenditure driven primarily by a growth in occupancy costs, resulting from expansion, increased by only 1% relative to the previous year.  This increase represents an effective decline relative to the growth in turnover. EBITDA increased by $11.5 million relative to the previous year. The financial implications of the agreement with Government will be included in the annual results for the year to 31 March 2016.

Meikles Ltd Reports Group Earnings Results for the Nine Months Ended December 31, 2015

Meikles Ltd. reported Group earnings results for the nine months ended December 31, 2015. For the period, the company reported turnover of $347 million compares favourably with that of the previous period of $310 million, an increase of 12%. Overall margins, together with operating income margins at 21.8% were marginally better than those of the previous period of 21.2%. EBITDA increased by $9.5 million relative to the previous period.

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Recent Private Companies Transactions

No transactions available in the past 12 months.

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