Edgars Stores profits up

Zimbabwe Stock Exchange-listed apparels maker and retailer Edgars Stores Limited’s basic earnings per share for the 26 weeks to July 7 2012 was 90% up to 0,38 cents,  spurred by strong growth in retail sales.

Report by our Business Reporter
Profit before tax was up 91% to $1,3 million buoyed by a growth in revenue.

 
Total revenue rose to $25 million from $20 million driven by the retail chain’s credit facilities and the recently launched Jet Stores.

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