Furnmart profits weaken on closure of Zambian operations

Furnmart closed its Zambian operations last year
Furnmart closed its Zambian operations last year

Household furniture and appliances retailer, Furnmart reported a decrease in gross profit margins during the last six months due to strong competition in the region as well as the closure of their Zambian operations.

The Botswana Stock Exchange-listed company said trading across its operations has been subdued during the six months to end of January 2017.

It said the decrease in gross profit margins was mainly due to the winding down of its Zambian operations.

Editor's Comment
Tana project a welcome development

Whilst the project received mixed reactions from members of the public, the project is indeed a welcome development, which needs to be implemented as soon as possible. Many shared their opinion, with those against the project decrying that if implemented, it will kill the already struggling public transport industry.Many countries around the world have state-run public transport, and those who have travelled to such countries will give testimony...

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