CAFCA expects a 15 percent jump in earnings

CAFCA expects a 15 percent jump in earnings
Published: 24 February 2012 (1392 Views)
At the 66th AGM of the Company held on Thursday 23 February 2012, all resolutions tabled were passed without amendments.

In a brief trading update for the four months to 31 January 2012, the Managing Director Mr. Robert Webster advised that turnover grew by approximately 5.5% y-o-y on improved sales mix as volumes remained static.

Profitability increased 15% y-o-y enhanced by improved efficiencies and the decline in the copper prices. The company expects to be debt free by end of March 2012, assuming the debtors pay up.

Cafca continued to invest in stock with approximately 200t of finished goods. Margins on the local market are healthy at approximately 35%.

There are opportunities for Cafca to enter into consignment stock arrangement with mining houses so as to limit the mining houses' imports. Although the demand for cables remains firm given the need for infrastructure rehabilitation, the current liquidity constraints negatively impact on trading. 


- Byo24News

Tags: Cafca, Earnings,
 0

You May Like These Videos

Comments

There are no comments.

Latest stories

Prophet Makandiwa mansion raises eyebrows

by Staff Reporter | 22 July 2019 | 64 Views

Exposed Ramaphosa reacts to Public Protector's report

by Staff Reporter | 22 July 2019 | 41 Views

UCE graduation ceremony

by Dr. A. Luthuli | 22 July 2019 | 45 Views

ZERA looking to remote fuel monitoring system

by Staff reporter | 22 July 2019 | 46 Views

The corruption commission

by Clemen Moyo | 22 July 2019 | 55 Views

Government speaks on Auxilia Mnangagwa - Army fallout

by Mandla Ndlovu | 21 July 2019 | 193 Views

Chinamasa's world up in flames

by Mandla Ndlovu | 21 July 2019 | 175 Views

Teachers to shutdown schools on Monday

by Mandla Ndlovu | 21 July 2019 | 152 Views

Zimbabwe govt licenses companies for riverbank mining

by Staff Reporter | 21 July 2019 | 100 Views

ZCTU proceeds with demo preps

by newzimbabwe | 21 July 2019 | 148 Views

Mnangagwa pledges support for women's projects

by Staff reporter | 21 July 2019 | 90 Views

Mthuli Ncube needs to work his magic on inflation

by Staff reporter | 21 July 2019 | 114 Views

'The electorate believes in Zanu-PF'

by STaff reporter | 21 July 2019 | 95 Views

Mnangagwa gets Sadc boost

by Staff reporter | 21 July 2019 | 103 Views

Power shortage hits mobile phone services

by Staff reporter | 21 July 2019 | 79 Views

City fathers or city dealers at council chambers?

by Limukani Ncube | 21 July 2019 | 89 Views

Bulawayo residents call for dissolution of council

by Staff reporter | 21 July 2019 | 82 Views

Nust bursar suspended

by Staff reportet | 21 July 2019 | 82 Views

Mid-air scare for fastjet passengers

by Staff reporter | 21 July 2019 | 79 Views

Exploring the causes of Gukurahundi

by Dr Obert Mpofu | 21 July 2019 | 108 Views

Lobels shut down Bulawayo plant again

by Staff reporter | 21 July 2019 | 96 Views

Harare demands 30-year-old debt from Zesa

by Staff reporter | 21 July 2019 | 77 Views

Kalanga lobby group to produce textbooks

by Staff reporter | 21 July 2019 | 75 Views

Govt moves to tackle gold leakages

by Staff reporter | 21 July 2019 | 68 Views

Mthuli Ncube to rescue closed mines

by Staff reporter | 21 July 2019 | 84 Views

Zimbabwe reels as 18-hr power cuts

by Staff rpeorter | 21 July 2019 | 120 Views

Kirsty Coventry denies interference

by AFP | 21 July 2019 | 60 Views

Zimbabwe removes barriers to solar energy expansion

by Thompson Reuters Foundation | 21 July 2019 | 110 Views

Zimbabwe food crisis an emergency, says UN

by VOA/ UN News | 21 July 2019 | 58 Views

Can Bosso's Prince rise again?

by Staff reporter | 21 July 2019 | 36 Views

CIO operative harasses journalists

by Staff reporter | 21 July 2019 | 35 Views

Save Bulawayo from vultures

by Staff reporter | 21 July 2019 | 70 Views

The pig in Mthuli Ncube's bacon

by Zifiso Masiye | 21 July 2019 | 91 Views

Mnangagwa ally faces probe in $3bn scandal

by Staff reporter | 21 July 2019 | 48 Views

Power outage cripples Econet services

by Staff reporter | 21 July 2019 | 56 Views

Lobengula descendants demand State House

by Staff reporter | 21 July 2019 | 47 Views

Zanu-PF vote-buying scandal raises alarm

by Staff reporter | 21 July 2019 | 66 Views