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February 11, 2016 7:21 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 Six Months Ended September 30, 2015

Meikles Limited reported unaudited consolidated earnings results for the six months ended September 30, 2015. For the period, revenue was $225,690,000 against $196,254,000 a year ago. Group turnover for the six month period to 30 September increased by 15% relative to the previous period. The contribution to turnover by the different segments of the group. Operating profit was $449,000 compared to loss of $5,937,000 a year ago. Loss before tax was $10,434,000 compared to $5,552,000 a year ago. Loss for the period was $10,807,000 compared to $2,818,000 a year ago. Loss for the period attributable to owners of the parent was $12,179,000 or 4.46 cents per diluted share compared to $1,976,000 or 0.72 cents per diluted share a year. Net cash generated from operating activities was $9,887,000 compared to net cash used in operating activities of $798,000 a year ago. Payment for property, plant and equipment was $4,316,000 compared to $13,763,000 a year ago. EBITDA was $4,991,000 against LBITDA of $1,534,000 for the same period in the last year. EBITDA increased by $6.4 million relative to the previous period. The contribution to EBITDA by the different segments of the group. Net expenditure on biological assets was $1.1 million against $0.921 million a year ago.

Meikles Limited, Annual General Meeting, Sep 29, 2015

Meikles Limited, Annual General Meeting, Sep 29, 2015., at 12:30 Indian Standard Time. Location: Parklands, 26 Greenhithe Lane. Agenda: To receive and adopt the group financial statements for the year ended 31 March 2015 and the reports of the Directors and Auditors; to consider the re-appointment of James Andrew Mushore as Director; to note the termination of office for Bisset Chimhini; to note the termination of office for Onias Makamba; to note the termination of office for Mark Leonard Wood; to confirm Directors’ fees amounting to USD 17,663 for the year ended 31 March 2015; to approve the auditors’ fees of USD 106,000 for the year ended 31 March 2015; and to appoint auditors for the year ending 31 March 2016.

Centar Mining To Raise Funds

Meikles Limited (ZMSE:MEIK)'s mining subsidiary, Meikles Centar Mining Pvt Ltd, is courting investors as part of its plans to raise about $100 million required in the long term for its Matabeleland gold mining venture.

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