Willdale sees brick demand fall 15% in quarter ending Dec 2019

Willdale sees brick demand fall 15% in quarter ending Dec 2019

Harare, (New Ziana) – Zimbabwe Stock Exchange listed brick making firm Willdale Limited said on Thursday sales slumped 15 percent in the quarter ending December 2019 compared to the same quarter in 2018 as construction slowed down in the rainy season.

In a trading update, company secretary Mavuto Munginga said revenue on an inflation adjusted basis was however eight percent above the same period last year.

“Sales were 15 percent lower than the same period last year (2018) as a result of declining effective demand,” Munginga said.

A subdued mortgage market had also not done the construction sector any favours.

The firm is expecting “better sales” after the rains when construction projects are expected to resume.

Munginga said the brick maker was targeting government projects and cluster housing schemes to boost sales.

“Opportunities are being exploited in the reconstruction of the cyclone ravaged Chimanimani region and other ongoing housing development projects,” he said.

“Profitability is expected to continue into the ensuring quarter.”

Demands for higher wages, power costs as well as maintenance costs are expected to put pressure on margins in the ensuing period, he said.
New Ziana

0Shares

New Ziana

32 thoughts on “Willdale sees brick demand fall 15% in quarter ending Dec 2019

  1. I simply want to tell you that I am just new to blogs and truly enjoyed you’re website. Almost certainly I’m want to bookmark your blog . You surely have exceptional articles. Thank you for sharing with us your web site.

  2. Greetings! This is my first visit to your blog! We are a team of volunteers and starting a new initiative in a community in the same niche. Your blog provided us valuable information to work on. You have done a extraordinary job!|

  3. I really love your website.. Pleasant colors & theme. Did you make this site yourself? Please reply back as I’m wanting to create my own personal website and would like to find out where you got this from or exactly what the theme is named. Cheers!|

  4. If you are going for best contents like myself, just pay a visit this website everyday for the reason that it provides quality contents, thanks|

  5. I’m not certain the place you are getting your info, however good topic. I needs to spend some time finding out more or working out more. Thanks for magnificent information I was looking for this info for my mission.|

  6. Greetings from Los angeles! I’m bored to death at work so I decided to check out your blog on my iphone during lunch break. I enjoy the knowledge you present here and can’t wait to take a look when I get home. I’m surprised at how quick your blog loaded on my cell phone .. I’m not even using WIFI, just 3G .. Anyhow, fantastic site!|

  7. Woah! I’m really loving the template/theme of this website. It’s simple, yet effective. A lot of times it’s tough to get that “perfect balance” between superb usability and visual appeal. I must say that you’ve done a fantastic job with this. In addition, the blog loads super fast for me on Safari. Exceptional Blog!|

  8. Fantastic beat ! I would like to apprentice while you amend your web site, how can i subscribe for a blog site? The account aided me a acceptable deal. I had been a little bit acquainted of this your broadcast offered bright clear idea|

  9. Hello! I know this is kinda off topic nevertheless I’d figured I’d ask. Would you be interested in trading links or maybe guest writing a blog article or vice-versa? My site covers a lot of the same topics as yours and I believe we could greatly benefit from each other. If you might be interested feel free to shoot me an e-mail. I look forward to hearing from you! Fantastic blog by the way!|

  10. Hello there, just became alert to your blog through Google, and found that it’s really informative. I’m going to watch out for brussels. I will appreciate if you continue this in future. Lots of people will be benefited from your writing. Cheers!|

  11. Can I simply just say what a comfort to find an individual who really understands what they’re talking about over the internet. You certainly realize how to bring a problem to light and make it important. More and more people should read this and understand this side of the story. I was surprised you are not more popular since you definitely possess the gift.|

  12. Good web site you have got here.. It’s difficult to find high-quality writing like yours these days. I honestly appreciate people like you! Take care!!|

  13. You should be a part of a contest for one of the most useful websites on the internet. I most certainly will highly recommend this site!|

  14. I have read several just right stuff here. Definitely price bookmarking for revisiting. I wonder how a lot attempt you put to make the sort of magnificent informative web site.|

  15. If you are going for best contents like me, only visit this web site all the time since it presents feature contents, thanks|

  16. Very nice post. I just stumbled upon your weblog and wished to say that I’ve truly enjoyed surfing around your blog posts. In any case I’ll be subscribing to your feed and I hope you write again very soon!|

Leave a Reply

Your email address will not be published.