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Harare - JSE-listed Cafca Limited [JSE:CAC] reported improved results for the year ended September 30 2014 on the back of orders from parent company, electronics and electrical engineering company
Reunert Limited [JSE:RLO].
The Zimbabwe-based company saw its basic earnings for the period improve to 6.21 US cents from 4.34c in the prior year.
Turnover was however down at $23.61m from $23.86m last year.
Sales for the year were 1% below the previous year, but showed a recovery from 21% below at the half-year.
The sales boost in the second half of the year was mainly due to orders received from holding company Reunert in South Africa.
In volume terms, Cafca sold 5% more than the previous year.
Cafca is forecasting growth in 2015, mainly due to the anticipated orders from Reunert.
The Zimbabwe-based company saw its basic earnings for the period improve to 6.21 US cents from 4.34c in the prior year.
Turnover was however down at $23.61m from $23.86m last year.
Sales for the year were 1% below the previous year, but showed a recovery from 21% below at the half-year.
The sales boost in the second half of the year was mainly due to orders received from holding company Reunert in South Africa.
In volume terms, Cafca sold 5% more than the previous year.
Cafca is forecasting growth in 2015, mainly due to the anticipated orders from Reunert.
