CAFCA expects a 15 percent jump in earnings

CAFCA expects a 15 percent jump in earnings
Published: 24 February 2012 (1375 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

List of Zimbabwean celebrities who became politicians

by Mandla Ndlovu | 22 April 2019 | 162 Views

NSSA pensioners are 'dying a little each day'

by Tondo | 22 April 2019 | 105 Views

The Gukurahundi Solution

by The Gukurahundi Solution | 22 April 2019 | 94 Views

Is there the biblical 'Lot's wife' among us?

by Tondorindo | 22 April 2019 | 100 Views

Just enjoying our Katuruturu as it is now Zituruturu

by MuHwisiry Chaiyeiye | 22 April 2019 | 86 Views

'Army now fed up with civilians' Jonathan Moyo says

by Mandla Ndlovu | 22 April 2019 | 158 Views

WATCH: Apostle Vutabwashe blasts Mnangagwa's government

by Mandla Ndlovu | 22 April 2019 | 172 Views

Analysts defend Tinashe Kachingwe

by Mandla Ndlovu | 22 April 2019 | 106 Views

'Corruption and cronyism worrying Mnangagwa' ZANU PF MP says

by Mandla Ndlovu | 22 April 2019 | 135 Views

ZANU PF launches 10 000 youths to fight for a mine?

by Mandla Ndlovu | 22 April 2019 | 134 Views

Cyclone Idai victims resist tent homes

by Staff reporter | 22 April 2019 | 96 Views

Price controls the only way to go, says Mutodi

by Staff reporter | 22 April 2019 | 94 Views

Chamisa faces VPs Dilemma

by Staff reporter | 22 April 2019 | 116 Views

Cyclone Idai donations 'looting' soldiers freed

by Staff reporter | 22 April 2019 | 82 Views

Churches taking anti-sanctions crusade to opposition parties

by Staff reporter | 22 April 2019 | 77 Views

Registrar of Deeds dragged to court

by Staff reporter | 22 April 2019 | 66 Views

Chamisa urged to back Mwonzora's bid

by Staff reporter | 22 April 2019 | 103 Views

Bosso, Dembare beaten again

by Staff reporter | 22 April 2019 | 88 Views

Minister fouls Mnangagwa's plans fouled by Owen Ncube

by Staff reporter | 22 April 2019 | 103 Views

Tsvangirai turning in his grave, says daughter

by Staff reporter | 22 April 2019 | 81 Views

Mnangagwa pleads with Diasporans

by Staff reporter | 22 April 2019 | 81 Views

Chamisa unveils Mwonzora, Mudzuri rescue plan

by Staff reporter | 22 April 2019 | 80 Views

11 dead in kombi, Honda fit head-on accident

by Staff reporter | 22 April 2019 | 93 Views

War vets slam bread price hike

by Staff reporter | 22 April 2019 | 129 Views

Charumbira calls for truce in boundary row

by Staff reporter | 22 April 2019 | 107 Views

Mnangagwa hopeful on economy

by Staff reporter | 22 April 2019 | 121 Views

Revolution is the great teacher

by Reason Wafawarova | 22 April 2019 | 100 Views

Econet raises RTGS$479 287 for Idai relief through EcoCash

by Staff reporter | 22 April 2019 | 87 Views

Chief Mvuthu's family in fresh wrangle

by Staff reporter | 22 April 2019 | 88 Views

'Mnangagwa to crack whip on errand businesses'

by Staff reporter | 22 April 2019 | 90 Views

Artisanal miner shot dead

by Staff reporter | 22 April 2019 | 91 Views

'Zimbabwe public finances in bad shape'

by Staff reporter | 22 April 2019 | 44 Views

It's time for South Africa to rethink the economy

by Tapiwa Gomo | 22 April 2019 | 85 Views

'Mnangagwa won't take Zimbabwe anywhere'

by Staff reporter | 22 April 2019 | 100 Views

Military rifle recovered from poachers

by Staff reporter | 22 April 2019 | 93 Views

MDC led council not going back on tariff increase

by Staff reporter | 22 April 2019 | 83 Views