Corporate Announcements

Edgars Stores Zimbabwe Limited (EDGR.zw) (ZW000 901 123 1) had an increase in shares in issue to 283 381 993 via a Share option scheme.

The Board of Directors is pleased to release the annual report for the year ended 7 January 2012. Below are excerpts from the Chairman’s Report. Chairman’s Report The steady growth in accounts, improved merchandise assortments and improved cost management together with the successful rebranding of Express to Jet in November ensured that targets were met. […]

The Directors of Edgars Stores Limited are pleased to announce the release of the Group’s 2011 interim results for the 26 weeks ended 9 July 2011. Below are financial highlights and a brief extract from the Commentary section of the results. Financial results Commentary The account growth achieved by the Edgars Chain last year provided […]

Introduction I am pleased to present the Edgars Stores Limited Group financial results for the 52 weeks ended 5 January 2020. The commentary on the financials is based on the inflation adjusted numbers. The historical numbers are shown as supplementary information as they have not been prepared in compliance with International Accounting Standard 29 – […]

The Company presents its business update for the third quarter (Quarter 3) of the 2022 financial year. Trading environment The operating environment remains complex and challenging. In order to tame inflation, the Central Bank at the beginning of the quarter tightened monetary policy, increased interest rates from 80% to 200%, introduced gold coins as a […]

KEY HIGHLIGHTS Edgars Stores HY2022 Financial Results Presentation

Chairman’s report Directors responsibility for the Integrated Annual Report The Directors of Edgars Stores Limited are responsible for the preparation and fair presentation of the Group’s consolidated financial statements. The reviewed interim consolidated condensed financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS), in the manner required by the Companies and […]

Directors responsibility for the Integrated Annual Report The Directors of Edgars Stores Limited are responsible for the preparation and fair presentation of the Group’s consolidated financial statements. The audited consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS), in the manner required by the Companies and Other Business Entities Act […]

Notice is hereby given that the 73rd Annual General Meeting of members will be held virtually at https://escrowagm.com/eagmZim/Login.aspx on Thursday 25 August 2022 at 08:30 hours. Following is the Agenda for the meeting:- Ordinary Business Voting Proxies NOTE: In terms of section 171 of the Companies and Other Business Entities Act (Chapter 24:31), a member […]

Chairman’s Statement Directors responsibility for the Integrated Annual ReportThe Directors of Edgars Stores Limited are responsible for the preparation and fair presentation of the Group’s consolidated financial statements. This press release represents an extract thereof. The audited financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS), in the manner required by […]

Edgars Stores Limited would like to advise shareholders that the Company will not be able to publish year end results for the 52 weeks ended 09 January 2022 by the 31st of May 2022 per the ZSE listing rules. The delay has been as a result of several areas of the audit remaining outstanding which have […]

Appointment: Mr Christo Claassen CA (SA) Mr C. Claassen was appointed to the board as an independent non-executive director, effective 1 March 2022. Christo is currently the Founder and CEO of Fortuna Investment Holdings (Cape Town), an investment holding company that focuses on investment in consumer-facing businesses. He is a qualified chartered accountant and also […]

OPERATING ENVIRONMENT The Quarter ended 10 April 2022 was characterised by an increase in inflation levels from 60.7% in December 2021 to 72.7% in March 2022. The rise in inflation has resulted in an increase in operating costs, with occupancy, employment, fuel and the cost of transacting being some of the significant costs that are […]

Edgars Stores Limited would like to advise shareholders that the Company will not be able to publish year end results for the 52 weeks ended 09 January 2022 by the 30th of April 2022 per the ZSE listing rules. The delay has been as a result of IAS 29, IFRS 16 and IAS 21 work finalisation […]

The company presents its business update for fourth quarter ended 10 January 2021. Trading Environment The company recorded revenue growth across all business units during the quarter, particularly in December. The availability of merchandise, improved civil servants salaries, year-end bonuses and an enhanced credit offering to customers contributed positively to this growth. Notwithstanding this growth, […]

The Edgars Stores Limited Board of Directors wishes to announce the following changes to its composition: NON EXECUTIVE DIRECTORS Retirement: Dr Leonard Ladislas Tsumba – (PhD)Dr Tsumba has retired from the Board effective 3 December 2020. He was appointed to the Board in 2006 and was a member of the team that navigated the business […]