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
Prosecutors deserve better

These legal professionals, who are entrusted with upholding the rule of law, face numerous challenges that compromise their ability to effectively carry out their duties.Elsewhere in this edition, we carry a story on the lamentations of the officers of court.The prosecutors have raised a number of concerns, calling for urgent attention from all relevant stakeholders, including the President, Minister of Justice and the Attorney General. Their...

Have a Story? Send Us a tip
arrow up