Axia Corporation Limited (AXIA.zw), listed on the Zimbabwe Stock Exchange has released its FY2018 results. Below is an excerpt from the results on the Transerv division:
Transerv
Transerv recorded an overall revenue growth of 31% against prior year. Volumes increased in the last quarter of the year, owing to right pricing and product availability. The business managed to maintain its footprint, across the country, as at previous financial year end. As advised in the interim report, an additional fitment center in Harare was opened in the first quarter of the financial year whilst an underperforming fitment center in Harare was closed.
The one-stop concept of paired retail and Fitment Centers is giving the customer enhanced convenience and this has seen increased throughput. Management will continuously focus on procuring the right stock mix at the right price and continue to improve margins and profitability.
