Zambia, Malawi markets spur ART regional drive

ZIMBABWE Stock Exchange (ZSE)-listed manufacturing group Art Corporation (ART) says the group’s regional drive continues to be anchored on strong performances in Zambia and Malawi.

However, foreign currency shortages persisted in Malawi while growth in Mozambique remained slow as competition from imported batteries increased during the year to September 30, 2022.

In a statement accompanying the financial results for the year, the group said gross margins were recovered during the period on the back of timeous price adjustments and cost containment measures.

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