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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.

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Editor's Comment
Celebrate responsibly, put safety first this holiday

“Safety first is safety always”– Charles M HayesAs most people begin travelling across the country to spend the President’s Holidays with family and friends, there is every reason to embrace the joy and togetherness that this period brings.While holiday periods bring joy, they are sadly often accompanied by a rise in road accidents, violent incidents and other avoidable tragedies. Too often, families that set out to celebrate together end...

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