OK Zimbabwe revenue projected to reach US$346m

OK Zimbabwe, one of the biggest retail giants in the country, is seen earning US$346 million in revenue in the 2023 financial year, according to a research firm.

In a review of the company’s report for the half-year to September 30, 2022, Inter Horizon Securities projected earnings before interest, taxes, depreciation, and amortisation (EBITDA) margin of 6% in the financial year 2023 (FY23).

“For forecasts to remain relevant in the present inflationary environment, we have shifted to a US$-based valuation of the business.

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