NDI 2017 End Of Year Results Out!
CHAIRMAN’S STATEMENT INTRODUCTION
It gives me great pleasure to present to you my statement to shareholders of the NicozDiamond Group of companies for the year ended 31 December 2017. Despite being affected by numerous challenges ranging from cash and foreign currency shortages to the resurgence of inflation, the local economy has remained resilient with official growth estimates being revised from 1.7% to 3.7% on the back of good agricultural yields. In line with this economic performance, the short term insurance industry is estimated to have grown by 9%. The same resilience demonstrated at a macroeconomic level is, I am pleased to note, also evident in the performance of your company. Revenue, operating profit, operating cash flow and headline earnings all showed marked improvement as detailed in the financial statements.
|Date:||April 5, 2018 >>>|