Powerspeed Electrical releases its 2023 Annual Report

In his Chairman's Statement, V.R. Gapare reflects on a challenging year marked by economic adversity, including inflation and supply issues. Despite these obstacles, the Group achieved a successful year with increased trading volumes and a notable growth in shareholder equity, from ZWL158.98 billion to ZWL269.59 billion. The opening of a new branch in Zvishavane has also improved product availability. For the fiscal year ending September 30, 2023, a dividend of ZWL 17.28 per share has been declared. The Group remains committed to growth and excellence in the hardware supply market.