April 25, 2018 1:15 AM ET

Food and Staples Retailing

Company Overview of Meikles Limited

Company Overview

Meikles Limited, an investments holding company, engages in the retail trading, wholesaling, agriculture, hotels, and security guard service businesses in Zimbabwe and internationally. The company 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. It also operates a network of 52 TM supermarkets and hypermarkets. In addition, the company operates the Meikles Hotel and the V...

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 Announces Unaudited Consolidated Earnings Results for the Six Months Ended September 30, 2017; Provides Earnings Guidance for the Second Half of Fiscal Year 2018

Meikles Limited announced unaudited consolidated earnings results for the six months ended September 30, 2017. For the six months, the company's revenue was $253,989,000 against $225,898,000 a year ago. Operating profit was $8,838,000 against $3,643,000 a year ago. Profit before tax was $5,389,000 against loss before tax of $613,000 a year ago. Loss for the period attributable to owners of the parent was $41,000 or 0.01 cents per diluted share against $3,655,000 or 1.34 cents per diluted share a year ago. Diluted headline loss per share was 0.27 cents per diluted share against 1.04 cents per diluted share a year ago. Net cash generated from operating activities was $18,967,000 against $16,292,000 a year ago. Payment for property, plant and equipment was $7,465,000 against $6,317,000 a year ago. EBITDA was $15,260,000 compared to $9,554,000 a year ago. Net borrowings was $38,710,000 compared to $50,581,000 a year ago. The group is expected to increase its EBITDA performance during the second half of the financial year 2018. Strategies to reduce short term borrowings further during the remaining months of the financial year are in the process of being implemented.

Meikles Limited, Annual General Meeting, Sep 26, 2017

Meikles Limited, Annual General Meeting, Sep 26, 2017, at 07:00 Coordinated Universal Time. Agenda: To receive and adopt the group financial statements for the year ended 31 March 2017 and the reports of the directors and auditors; to consider the re-appointment of directors; to confirm directors' fees amounting to USD 32,145 for the year ended 31 March 2017; to approve the auditors' fees of USD 98,000 for the year ended 31 March 2017; and to appoint auditors for the year ending 31 March 2018.

Meikles Limited Auditor Raises 'Going Concern' Doubt

Meikles Limited filed its Annual on Sep 05, 2017 for the period ending Mar 31, 2017. In this report its auditor, Deloitte & Touche LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Similar Private Companies By Industry

Company Name Region
Cairns Holdings Limited Middle East/Africa
Fruit & Vegetable Co-operative Middle East/Africa
Grain Marketing Board Middle East/Africa
Montana Meats Pvt. Ltd. Middle East/Africa
Rufaro Marketing (Private) Limited Middle East/Africa

Recent Private Companies Transactions

No transactions available in the past 12 months.

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
The Advertising Council, Inc. United States
Tax Management Inc United States
John F. Kennedy Center For The Performing Arts United States
NYC2012, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Meikles Limited, please visit www.meiklesinvestor.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.