Specialty retail and distribution group,
The country is also expecting increased economic activity across most sectors on the back of eased lockdown restrictions, which adds to improved disposable incomes while the festive season is also traditionally marked by increased spending.
Axia's home furnishings business, TV Sales and Home as well as motor vehicle part retailer Transerv are seen performing above prior year levels.
Already, TV Sales and Home's volumes rose 35 percent in the financial year 2021 (FY21) as the business re-introduced credit sales allowing the company to defend its market share and grow volumes while a large store network was an added advantage for the group.
As such, market watchers have projected improvements in the group's volumes and earnings performance for the current financial year.
"We expect a strong recovery in business activity for TV-Sales and Transerv going into the first half of FY22 as the local lockdown restrictions are eased.
"Consumer spending will be further driven by a consecutive year of above average rainfall that will likely lead to improved consumer earnings," said stockbrokers
Distribution Group Africa (DGA)
Revenue is forecasted to increase by 77 percent in FY22 to
Earnings before interests, tax, depreciation and amortisation is projected to rise by 77 percent to
Resultantly, IH has forecast Axia's net income attributable to shareholders to rise 68 percent year on year to
However, the depreciation of local currencies in
During the previous financial year, DGA -- Region was adversely affected by the devaluing Kwacha, loss of distributorship agency in
Therefore, consolidated turnover for DGA Zambia and
The group is targeted to reach
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