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
PO Box 3598
Meikles Limited Announces Audited Consolidated Earnings Results for the Year Ended March 31, 2015
Jul 3 15
Meikles Limited announced audited consolidated earnings results for the year ended March 31, 2015. For the year, the company reported revenue of USD 413,349,000 against USD 384,308,000 a year ago. Operating loss was USD 10,374,000 against USD 919,000 a year ago. Loss before tax was USD 37,886,000 against profit before tax of USD 37,499,000 a year ago. Loss was USD 34,486,000 against profit of USD 37,179,000 a year ago. Loss attributable to owners of the parent was USD 34,445,000 or 12.60 cents per diluted share against profit attributable to owners of the parent of USD 34,427,000 or 12.59 cents per diluted share a year ago. Diluted headline loss per share was 4.07 cents against 1.52 cents a year ago. Net cash generated from operating activities was USD 12,182,000 compared to net cash used in operating activities of USD 339,000 a year ago. Payment for property, plant and equipment was USD 25,319,000 compared to USD 17,441,000 a year ago. Net expenditure on biological assets was USD 2,337,000 compared to USD 2,077,000 a year ago. EBITDA was USD 484,000 against USD 7,852,000 a year ago.
Meikles Limited Announces the Appointment of James Mushore to its Board of Directors
May 7 15
Meikles Limited announced the appointment of Mr. James Mushore to the company's Board of Directors. Mr. Mushore is a Chartered Accountant turned banker with over 30 years experience. He was instrumental in the establishment of the then National Merchant Bank of Zimbabwe as the first wholly Zimbabwean indigenous merchant
bank in 1993. He set up, and served as the Group Chief Executive Officer of NMBZ Holdings Limited from 2010 to 2014. Mr. Mushore also played a pivotal role in the dual listing for NMB on both the London and Zimbabwe Stock Exchanges. Mr. Mushore is a past director of the Zimbabwe Revenue Authority and past Chairman of the Zimbabwe Tourism Authority and past President of the Institute of Chartered Accountants of Zimbabwe.
Meikles Limited Declares Interim Dividend for the Period Ended September 30, 2014, Payable on or About 31 January 2015
Dec 30 14
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.