Edgars Stores Limited

October 13, 2022

KEY HIGHLIGHTS

Functional currency: RTGS$.
Sales growth: Group 38.6% (Edgars 55%, Jet 28%).
Group PAT increased by 540% to $ 1.2billion.
84.1% of the debtors book in current status.
Negative operating cash flow: $ 596m.
Stockholding increased by 35% on prior year. Weeks cover 21.8 weeks for Edgars Chain and 18.68 weeks for Jet Chain.
Manufacturing: Turnover of $309.8m up 237% on prior year. Unit sales decreased by 7% on prior year due to declining demand for PPE.
Microfinance update: Revenue $295m, Profit $ 171m and loans to customers $253m.
Gearing of 0.14 from 0.21 last year.
Foreign liabilities of USD262k to be serviced from existing resources.
Three new stores (Jet First Street, Gutu, Avondale) in the reporting period . Edgars Borrowdale relocated to a bigger store.