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May 06, 2015 1:50 PM ET

Food and Staples Retailing

Company Overview of Meikles Limited

Company Overview

Meikles Limited, an investments holding company, engages in the agriculture, hotels, and wholesaling and retail trading 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 Victoria Falls Hotel in Zimbabwe. F...

99 Jason Moyo Avenue

7th 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

Meikles Limited Declares Interim Dividend for the Period Ended September 30, 2014, Payable on or About 31 January 2015

Meikles Limited declared at its meeting held on 24 December 2014, the Board approved an interim dividend number 77 for the half year ended 30 September 2014 of 0.02 cents per share, amounting to $5,075,866.02. The dividend will be payable to shareholders registered in the books of the Company at close of business on 16 January 2015. The share transfer books and register of members will be closed from the close of business on 16 January 2015 to 18 January 2015, both days inclusive. Payment of the dividend will be done on or about 31 January 2015.

Meikles Limited, Board Meeting, Dec 24, 2014

Meikles Limited, Board Meeting, Dec 24, 2014. Agenda: To approve interim dividend for the half year ended September 30, 2014.

Meikles Limited Reports Unaudited Consolidated Earnings Results for the Six Months Ended September 30, 2014; Announces Revenue Results for the Second Quarter Ended September 30, 2014

Meikles Limited reported unaudited consolidated earnings results for the six months ended September 30, 2014. For the period, revenue was $196.254 million against $190.291 million a year ago. LBITDA was $1.534 million against EBITDA of $1.459 million a year ago. Loss before tax was $5.552 million against earnings before tax of $37.205 million a year ago. Loss for the period attributable to owners of the parent was $1.976 million or 0.72 cents per diluted share against profit for the period attributable to owners of the parent of $36.458 million or 13.53 cents per diluted share a year ago. Diluted headline loss per share was 1.58 cents against 1.85 cents a year ago. Negative net cash generated from operating activities $0.798 million against net cash generated from operating activities $2.191 million a year ago. Payment for property, plant and equipment was $13.763 million against $9.329 million a year ago. Net expenditure on biological assets was $0.921 million against $0.896 million a year ago. Revenue for the quarter to September had exceeded that of the previous quarter by 6% driven by growth in its subsidiaries.

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