Diversified retail group Tedco had mixed fortunes. There was a reduction in unit sales of furniture and electrical items while the clothing market remained buoyant.
The company, which owns among others, CW Stores and Radio Limited, says it has implemented strategies to expand its clothing business.
According to its results for the year ending September, sales improved by 109.4 percent from $1.9 billion to $4.1 billion while net profit more than doubled from $462.6 million to $962.1 million.
The company says profitability of the manufacturing division was significantly enhanced through export sales.
It is now looking at expanding retail clothing and furniture exports.
(76 VIEWS)
Zimbabwe has been ranked third among the least free countries in Southern Africa but it…
I had always considered it a curse for a wife to die before her husband.…
This is a true story about the challenges and loneliness I faced when my wife…
My first long-form article in booklet form: Why I had a girlfriend two months after…
The editor and publisher of The Insider, Charles Rukuni, has started a whatsapp channel through…
A friend who knows about my legal battle with Zimbabwe’s richest man, Strive Masiyiwa, way…