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ZIMPLOW releases audited results to 31 December 2011

Thu, 23 Feb 2012 12:00:00

The Board of Directors is pleased to release the FY2011 abridged results for the financial year ended 31 December 2011. Below are some extracts from the Chairman's Statement: Introduction The much anticipated upturn in the economy for 2011 fizzled out particularly in the second half of the year. Liquidity challenges which intensified towards the end of 2011 and local cost increases, led by electricity tariffs worsened the situation... Operations Mealie Brand volumes for the 12 months...

Zimplow: Analyst Briefing for FY2011 results

Mon, 13 Feb 2012 12:00:00

We wish to advise that Zimplow Limited will be holding their analyst briefing on Thursday 23 February 2012. The Briefing will take place at the Royal Harare Golf Club in Harare at 3:00pm. Yours faithfully For and on behalf of Zimplow Limited Z Kumwenda Chief Executive Officer

Zimplow: Kumwenda Ploughs Ahead

Mon, 21 Nov 2011 12:00:00

ZIMPLOW Ltd CEO Zondi Kumwenda says his company's full-year sales target will be above expectations. Our Business Editor, Chris Muronzi, this week spoke to Kumwenda on operations, challenges the company faces, and competition. Below are excerpts: CM: Could you give us a trade update? ZK: In Mealie Brand, total implements sales in units went up by 20% from September last year, largely driven by the local market, while local implements sales in units went up 47%. We are more likely to end...

Improved sales across all units bolster Zimplow revenue in H1

Mon, 1 Aug 2011 12:00:00

HARARE – Improved sales across all units saw Zimplow revenue for the 6 months to June 30 increasing by 43% to $4.99 mln, MD Zondi Kumwenda told an analysts briefing yesterday. On a divisional basis, Mealie brand the group’s largest division recorded an overall increase of 27% to 23 914 units in total implement from prior year’s 18 816 units. Local implement units grew by 81% riding on the back of better than expected cotton prices whilst on the contrary a dry spell...

Zimplow releases 2011 interim results and presentation

Thu, 28 Jul 2011 12:00:00

The Directors of Zimplow Limited are pleased to announce release of the Company's HY2011 unaudited results and analyst presentation for the six months ended 30 June 2011. Below is an extract from the Chairman's Review and a few financial highlights: Chairman's Review Introduction The multi-currency system seems to be stabilizing market conditions. However, the much needed economic growth in the manufacturing sector is being severely affected by liquidity pressure and the cost...

Zimplow Limited: Notice of analyst briefing

Tue, 26 Jul 2011 00:00:00

We wish to advise that Zimplow Limited will be holding their Analyst Briefing on Thursday 28 July 2011. The briefing will be held at 3:00pm in the BancABC Auditorium at No 1 Endeavour Crescent, Mount Pleasant Business Park in Harare. We look forward to your participation should you be available. Yours faithfully For and on behalf of Zimplow Limited Z Kumwenda Chief Executive Officer

ZIMPLOW: Notice of Extra Ordinary General Meeting

Wed, 13 Jul 2011 12:00:00

Notice is hereby given that the Extra Ordinary General Meeting ("EGM") of shareholders of Zimplow Limited will be held at the CT Bolts Division Office, Falcon Street and Wanderer Road, Bulawayo on 20 July 2011 at 11:00 hours to transact the following business: Shareholders are advised that the following will be the special business requiring special resolution. AGENDA : Special Business:- Special resolution: Zimplow Limited Employee Share Option Scheme To consider the Zimplow Limited...

Zimplow weekly share trading results: 18 March 2011

Fri, 11 Mar 2011 12:00:00

Zimplow Limited weekly share trading stats 18 March 2011 Listing exchange ZSE Sector Banks Listing date 16 October 1951 ISIN code ZM0000000250 Year end 31 December ZSE code ...

ZIMPLOW: Notice of 60th Annual General Meeting

Fri, 11 Mar 2011 12:00:00

Notice is hereby given that the Sixtieth Annual General Meeting of shareholders will be held at the CT Bolts Division Office, Falcon Street and Wanderer Road, Bulawayo on 30 March 2011 at 10:00 hours to transact the following business: AGENDA Ordinary Business:- To approve the minutes of the Annual General Meeting held on 21 April 2010. To receive and adopt the directors' report and audited financial statements for the year ended 31 December 2010. To elect directors...

Zimplow Limited 2010 annual financial report released

Thu, 10 Mar 2011 12:00:00

The Directors of Zimplow Limited are pleased to announce the release of the Group's 2010 annual report for the year ended 31 December 2010. Below is an extract from the Chairman's Statement and some financial highlights. Introduction It is with both satisfaction and relief that I am able to review the company's performance for the year just ended. Satisfaction that the after-tax profit is not that far removed from last year's exceptional performance and relief that the...

Buoyant Zimplow looks for possible acquisitions

Thu, 3 Mar 2011 12:00:00

Zimplow Ltd is looking at possible acquisitions this year buoyed by the company's financial position that management feels supports a buy, CEO Zondi Kumwenda says. Kumwenda said Zimplow was looking at acquisitions in local and regional markets to grow the business but would confine focus on businesses that add synergies to the group's core business. "The company's financial position is supportive of strategic acquisitions and these will be pursued by the board in 2011. We are...

ZIMPLOW releases the 2010 abridged results

Fri, 25 Feb 2011 12:00:00

The Board of Directors is pleased to release the 2010 abridged results for the financial year ended 31 December 2010. Below are the extracts from the Chairman's Statement: Introduction It is with both satisfaction and relief that I am able to review the company's performance for the year just ended. Satisfaction that the after-tax profit is not that far removed from last year's exceptional performance and relief that the business managed to overcome the much anticipated...

ZIMPLOW: Notice of dividend declaration

Fri, 25 Feb 2011 12:00:00

In line with the company's dividend policy, a final dividend number 67 of 0,0021 cents per share (2009 0,0012 cents per share) was declared by directors on the 23rd of February 2011. The dividend is payable on the 16th of March 2011 and the share register will be closed on the 10th of March to the 11th of March 2011, both days inclusive. By order of the Board D Mkonto Company Secretary Download full dividend notice here...

Zimplow launches online stakeholder relations initiative

Mon, 21 Feb 2011 12:00:00

I am pleased to announce the launch of our new interactive website and online communications initiative. Our Company comprises of three divisions: Mealie Brand, CT Bolts and Tassburg Mealie Brand - incorporated in 1939, the division is the largest manufacturer and distributor of farming implements in sub-Saharan Africa. The factory is based in Bulawayo. CT Bolts - is a distributor of mild steel bolts and nuts, nails and a wide range of other fasteners. The division also...

Exports boost Zimplow revenue by 72 per cent

Mon, 16 Aug 2010 00:00:00

ZIMPLOW Limited notched up US$3,4 million in revenue during the six months to June 2010, an increase of 72 percent from the previous comparative period. The performance is attributable to the company's continued presence in the export market. The agricultural equipment manufacturing concern indicated that its domestic revenue doubled in the period under review, while exports increased by about 10 percent as compared to previous years. Zimplow's Mealie Brand division contributed most...

ZIMPLOW releases the 2010 interim results

Fri, 13 Aug 2010 00:00:00

The Board of Directors is pleased to release the 2010 interim results for the six months ended 30 June 2010. Below are the extracts from the Chairman's Statement: Introduction I am pleased to present my maiden report as Chairman of Zimplow Limited, a business engaged in the distribution of agricultural equipment, spares, screws, nuts, bolts, and every variety of other fasteners� Operational Review Mealie Brand implement volumes are up to 33% over last year with both the local and...

Zimplow seeks to dominate regional market

Wed, 14 Jul 2010 12:00:00

The Zimbabwe Independent business reporter Nqobile Bhebhe (NB) this week caught up with Zimplow CEO Zondi Kumwenda (ZK) in Bulawayo, who spoke of his plans for the company. Excerpts: NB: In brief, how has the trading environment been since January? ZK: The last quarter to June was flat… but generally the cost of doing business in this country is still too high, pushed by the ever increasing international steel prices and labour costs. For instance, in Zimbabwe the minimum wage is far...

ZIMPLOW: Notice of dividend proposal

Thu, 11 Mar 2010 00:00:00

Shareholders are advised that the Directors proposed a final dividend number 66 of US$0.0012 per share on 18 November 2009. At current profit levels, this dividend represents an 8 times cover. The group will gradually move to its traditional policy of 3 times cover, subject to growth strategies, prevailing economic conditions and availability of sufficient free cashflows. BY ORDER OF THE BOARD

ZIMPLOW: Notice of fifty-ninth Annual General Meeting

Wed, 10 Mar 2010 00:00:00

Notice is hereby given that the Fifty-Ninth Annual General Meeting of shareholders will be held at the CT Bolts Division Office, Falcon Street and Wanderer Road, Bulawayo on 31 March 2010 at 10.00 hours to transact the following business: AGENDA Ordinary Business To approve the minutes of the Annual General Meeting held on 19 November 2008. To receive and adopt the directors' report and audited financial statements for the year ended 31 December 2009. To elect directors in...

ZIMPLOW releases the 2009 annual report

Thu, 25 Feb 2010 12:00:00

The Board of Directors is pleased to release the 2009 annual report. Below are the extracts from the Chairman's Statement: Introduction I have pleasure in providing a report under a totally different economic, social and political climate from that which prevailed in 2008. Additionally, the world economic platform has significantly shifted since my last report. Oil and steel prices dropped significantly and have since recovered again. The world financial crisis has drastically shifted...

Mr. Zondi Kumwenda appointed Zimplow Chief Executive Officer

Wed, 30 Sep 2009 00:00:00

The Board of Zimplow Limited would like to announce the appointment of Mr Zondi Kumwenda as Chief Executive Officer with effect from 9 September 2009. Mr Kumwenda takes over from Mr Anthony Rowland who stepped down on 1 July 2009. Mr Kumwenda has worked for Zimplow for 12 years in various capacities. He is a Chartered Accountant, married to Clara and the couple have 3 children. Socially, Mr Kumwenda is a keen golfer and lay preacher. The Board wishes Mr Kumwenda success in his new position.