Zambeef Products PLC Trading Statement (0829W)
December 06 2019 - 6:37AM
UK Regulatory
TIDMZAM
RNS Number : 0829W
Zambeef Products PLC
06 December 2019
6 December 2019
TRADING STATEMENT
In accordance with the Lusaka Securities Exchange ("LuSE")
Listings Requirements, the Board of Directors of Zambeef Products
Plc hereby advises the Shareholders of the Group that the Earnings
per Share for the financial year ended 30th September 2019 is
expected to be approximately 73% higher (in Kwacha terms) than the
corresponding period last year for the Group.
The financial year ended 30 September 2019 proved to be a
challenging year amidst a regional drought and macroeconomic
headwinds. The weakening of the Zambian Kwacha against the USD, an
increase in the cost of fuel together with strained electricity
supply impacted not only on Zambeef's performance but also the
customers' spending power.
Despite the challenges noted above, Zambeef achieved significant
growth. This achievement, in the face of such economic and market
difficulties, illustrates the Group's fundamental strengths as a
diversified and resilient business.
The Group intends to announce its results for the financial year
ended 30 September 2019 on 9 December 2019. The results expect to
report revenue of ZMW 3,134,967,000 (US$254,462,000) and a Group
income for the year of ZMW 18,494,000 (US$1,501,000).
For further information, please contact:
Zambeef Products plc Tel: +260 (0) 211 369003
Francis Grogan, Chief Executive Officer
Walter Roodt
Faith Mukutu
Strand Hanson Limited Tel: +44 (0) 20 7409 3494
James Spinney
Ritchie Balmer
Eric Allan
finnCap Tel: +44 (0) 20 7220 0500
Chris Raggett
Powerscourt Tel: +44 (0)20 7250 1446
Nick Dibden
Bethany Johannsen
Notes to Editors
The Zambeef Group is one of the largest integrated cold chain
food producers in Zambia, involved in the production, processing,
distribution and retailing of beef, chicken, pork, milk, eggs,
dairy products, fish, flour and stock feed. The Group also has
large cereal row cropping operations (principally maize, soya beans
and wheat), with approximately 7,971 hectares of row crops under
irrigation, which are planted twice a year and a further 8,623
hectares of rain-fed/dry-land crops available for planting each
year.
Further information can be found on www.zambeefplc.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
TSTFMMGZZVKGLZM
(END) Dow Jones Newswires
December 06, 2019 07:37 ET (12:37 GMT)
Zambeef Products (LSE:ZAM)
Historical Stock Chart
From Apr 2024 to May 2024
Zambeef Products (LSE:ZAM)
Historical Stock Chart
From May 2023 to May 2024