Forex availability boosts Axia

At TV Sales & Home revenue grew by 49 percent during the quarter after volumes increased 43 percent to 50 399 units. On a year-to-date basis, revenue was 35 percent ahead of the comparable period, supported by a 39 percent increase in volumes.

AXIA Corporation says its Zimbabwean operations continue to benefit from strong access to foreign currency, enabling the business to effectively meet its import requirements. This is in stark contrast with its other operating markets, Malawi and Zambia, where foreign currency shortages and exchange rate volatility have impacted operations. This financial stability provides a solid foundation…

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