July 21, 2017 9:39 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

Harare,  

Zimbabwe

Phone:

263 4 252068

Fax:

263 4 252067

Key Executives for Meikles Limited

Meikles Limited does not have any Key Executives recorded.

Meikles Limited Key Developments

Albwardy Withdrawing Interest In Buying Majority Stake in Meikles

Albwardy has informed meikles that it is withdrawing its interest in acquiring a majority stake in Meikles Limited (ZMSE:MEIK).

Meikles Limited Reports Audited Consolidated Earnings Results for the Year Ended March 31, 2017

Meikles Limited reported audited consolidated earnings results for the year ended March 31, 2017. For the year, the company reported revenue of USD 457,626,000 compared to USD 453,648,000 a year ago. Operating profit was USD 13,174,000 compared to USD 1,388,000 a year ago. Profit before tax was USD 5,344,000 compared to loss before tax of USD 17,815,000 a year ago. Loss profit for the year attributable to owners of the parent was USD 6,719,000 or 2.46 cents per diluted share compared to USD 26,045,000 or 9.53 cents per diluted share a year ago. Diluted headline loss per share was 1.86 cents compared to 7.13 cents a year ago. Net cash generated from operating activities was USD 30,806,000 compared to USD 20,236,000 a year ago. Payment for property, plant and equipment was USD 14,229,000 compared to USD 16,831,000 a year ago. EBITDA increased by USD 12.6 million or 104% from USD 12.2 million to USD 24.8 million.

Meikles Limited, Annual General Meeting, May 17, 2017

Meikles Limited, Annual General Meeting, May 17, 2017, at 07:00 Coordinated Universal Time. Location: Parklands, 26 Greenhithe Lane Borrowdale Harare Zimbabwe Agenda: To receive and adopt the group financial statements for the year ended 31 March 2016 and the reports of the directors and auditors; to consider re-appointment of directors; to confirm directors' fees amounting to USD 30,888 for the year ended 31 March 2016; to approve the auditors' fees of USD 106,000 for the year ended 31 March 2016; and to appoint auditors for the year ending 31 March 2017.

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Recent Private Companies Transactions

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