Published: 20 November 2013

Radar Holdings Limited group CE Elias Hwenga told the AGM today that sales and profitability for the past 4 months are slightly ahead of where they were in the prior comparable period although they are behind budget, zfn reported.

"In terms of our sales, they are slightly ahead of where we were 4 months last year and we are a bit behind our budget by about 20% which we hope we will be able to recover in the next few months.

"On profitability, we are also ahead of the comparable period last year and we believe the trend will continue," said Hwenga.

He noted that the group is targeting 60 million bricks for the whole year.

The group's directors were re-appointed and fees of $9 000 approved while auditors PiceWaterhouseCoopers were re-elected with remuneration of $63 825 also approved.
- zfn

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