SENS Announcement 29 February 2016
Verimark Holdings Limited – Summarised Audited Consolidated Financial Statements 29 Feb 2016
Summarised Audited Consolidated Financial Statements for the Year Ended 29 February 2016, Dividend Announcement and Notice of Annual General Meeting
During the past year the challenging economical environment experienced over recent years, continued to worsen further, affecting the South African consumer. This, plus the depreciation of the Rand to record levels in the year under review, impacted negatively on all import/consumer related businesses. Notwithstanding, Verimark managed to reverse the downwards trend in revenue growth experienced over the recent years, by recording an increase in sales revenue and gross profit.