Bata Shoe revenue up 36% on the back of growth in retail business

Zambia Bata Shoe Company Plc has posted an increase in revenue by 36 percent to K224 million in 2022 from K164,340 million the previous year.

This is mainly attributed to retail business turnaround and marketing reactivation and advertisement which created a new sense of awakening the Bata brand.

The company also posted a two percent increase in operating expenses to K32.9 million.

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This is according to the company’s financial statement for the year ended December 31.2022 posted on the Lusaka Securities Exchange (LuSE).

It stated that the increase was only marginal through optimisation and effective expense management with real time tracking and monitoring.

Furthermore, profit before tax increased by 757 percent to K56 million from K6,580 million the previous year in line with increased revenue, gross margins and optimisation of expenses.

It indicated that the company increased production volumes pairs to 515,214 representing a growth of 24 percent.

“This is attributed to the implementation of demand-based production planning and close monitoring of inherent production key performance Indicators of material yield factors, capacity utilization, and other efficiency data,” it stated.

The report indicated that they had made great strides in stepping forward strategies with phenomenal results in the year 2022.

“We will continue to increase the operational momentum as we roll out the blueprint plans as per our strategic paper of the “big bets” of Zambia Bata Shoe Company Plc as enshrined on our four strategic pillars,” it stated.

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