EVERSHARP volumes rose 19 percent to 15,18 million units in the first quarter ended December 31, 2023 attributed to improved product availability.
It also comes as the business increases its marketing expenditures in response to growing competition from imports. The leading manufacturer of ballpoint pens, rulers, and markers is a division of Amalgamated Regional Trading.
“Demand was firm and budgeted volumes could not be met due to the delayed delivery of raw materials,” Art Group chief executive, Milton Macheka, said in a trading update.