OK Zimbabwe records $80 billion revenue

OK Zimbabwe Limited recorded a 34,7 percent increase in revenue to $79,9 billion for the year to March 31, 2022, from $59,3 billion the prior year due to a 22,7 percent increase in sales volumes.
The retail group said profit after tax grew by 48,9 percent to $2,8 billion during the year from $1,9 billion in the prior year.
“Overheads grew by 37 percent over prior year. Staff costs, electricity, rentals, bank charges and depreciation are the cost lines that contributed most significantly to overheads growth. The increase in staff costs was driven by salary and national pension fund increases,” chairman Herbert Nkala said in a statement accompanying the group’s financial results for the year to March 31, 2022.