NICO Holdings Limited (NICO.mw) listed on the Malawi Stock Exchange under the Insurance sector has released it’s 2020 interim results for the half year.For more information about NICO Holdings Limited (NICO.mw) reports, abridged reports, interim earnings results and earnings presentations, visit the NICO Holdings Limited (NICO.mw) company page on AfricanFinancials.Document: NICO Holdings Limited (NICO.mw) 2020 interim results for the half year.Company ProfileNICO Holdings Limited provides products and services for general insurance, life insurance and pension administration in the corporate and private sector of Malawi; with interests in banking, asset management and information technology services. NICO Holdings Limited operates in Malawi, Zambia, Tanzania, Uganda, Mozambique and Zimbabwe. It was established in 1965, and was the first general insurance company to list on the Malawi Stock Exchange. Its general insurance division covers segments that range from personal accident and household insurance to construction, engineering, professional indemnity, marine hull and cargo, fire and loss of profits. NICO Holdings Limited also offers insurance for individuals and corporate clients which includes endowment assurance and savings protection. The company has a corporate banking division offering standard products and services, aswell as solutions for foreign exchange, investment management and women business programmes. NICO Holdings Limited has invested in providing technology services to clients, including software and Internet systems and communication solutions, card technology and surveillance systems. NICO Holdings Limited is listed on the Malawi Stock Exchange
although who do not want to overstock inventory, but the current store, whether or not, the phenomenon of inventory is very common. Once the backlog of goods, naturally need to find ways to solve inventory. In the "art of war", the worst is that usually no overall plan for a fundamental transformation of the way to solve the clothing inventory plan is auspicious, without considering the comprehensive export, inventory simplification, compression inventory purpose is simple, only reduce inventory, regardless of cost, brand image synthesis factor.
plan can not simply say that it is not good to solve the clothing inventory strategy, sometimes can also be used in such case:
solution for stock price to sell
is the simplest and most commonly used method in all library methods. This method has two characteristics, the first is the price characteristics. The practice of the majority of enterprises in the original price discount is 80 percent off, 90 percent off or even zero several fold, after the original price level is still heavy, but the price in most cases has been reduced to below cost, reduced to enterprises usually despise those brands below the price.
this followed the emergence of second features do not speak brand image. The purpose of maintaining a relatively high price of many brands is not simply to grab high profits, more often, in order to maintain an enterprise’s target customer community, maintaining brand image. And then, the price is clearing demand, what customers are in xiang.
is called the worst, only sell the cost and profit of upside down is a factor; another factor is its brand image of the destructive. However, as a casual use, small clearance means, this method also can be used.
donated clothing inventory plan
I do not know what time
, entrepreneurs invented clear in this way, the annual inventory no way to sell products to the poor, and no longer will fall when those things hard to sell, but also won the praise of relevant departments. Under normal circumstances, the enterprise sales and inventory costs to be higher than the normal sales, therefore, if you do not consider the material cost of the product export sales, inventory is The loss outweighs the gain.. Thus, the owner of such a clean way to find a pretty proud. But this approach, there is a point of public relations, but does not involve corporate behavior.
this inventory cleanup approach, there is an unexpected risk, that is, once these products are worn by migrant workers from the village to the city, the image of the enterprise risk appeared. In addition, many women’s products are not suitable for the needs of Taiwan’s rural areas, long-term to do so, it will cause resentment of local government departments.