Bata records 10% increase in turnover

ZAMBIA Bata Shoe Company Plc says viable economic policies that resulted in positive recovery in the economy helped the entity record a 10 percent increase in turnover from K128.4 billion in 2016 to K141.2 billion last year.
The Lusaka Securities Exchange (LuSE)-listed footwear manufacturing firm also posted a gross profit of K64.7 million last year from K57.5 million in 2016, and recorded a profit before tax of K16.7 million last year from the 2016 figure of K10.7 million.
The board has since proposed a dividend of K0.07 per share from…

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