OK Zimbabwe Limited Chief Executive Officer: V W Zireva at the FY2016 results' presentation
Despite the difficult economic environment, the Group will take the necessary steps to improve margins without losing market share. Focus will be on further cost reductions to improve profitability.
To continue enhancing brand strength and improve sales growth, the Group will embark on full scope refurbishment of OK First Street. Partial refurbishments will also be carried out at OK Gwanda and OK Kwekwe. New OKmart stores will be opened in Gweru and Victoria Falls, while operations at Houghton Park in Harare and Chipinge will move into larger stores already under construction. A new OK Value store will also be opened in Waterfalls.
Notwithstanding the challenging operating environment, the Board and management remain confident that the continued loyalty and support of our employees, shareholders, suppliers and customers will be rewarded.
FY 2016 financial results presentation
FY 2016 financial results