Cambria Africa PLC Annual Results Update (1614N)
15 January 2019 - 11:45PM
UK Regulatory
TIDMCMB
RNS Number : 1614N
Cambria Africa PLC
15 January 2019
Cambria Africa Plc
('Cambria' or 'the Company')
Annual Results Update
Further to the trading update and preliminary unaudited results
published on 8 November 2018, the Company announces that its
audited annual results are expected to be published by the end of
January 2019.
Cambria achieved record earnings per share of 0.52 US cents
(0.40 p) in FY 2018 according to its preliminary unaudited
consolidated results. Before once-off legal and reorganisation
costs, the Company achieved earnings per share of 0.68 US cents
(0.53 p).
In Cambria's view, the strategies that the Company has
implemented will enable its operations and assets to weather the
impact of the current disruptions in Zimbabwe.
Cambria Africa Plc (AIM: CMB), is an AIM quoted investment
company holding controlling interests in companies well-positioned
to benefit from the growth and modernisation of Zimbabwe's economy.
Its wholly owned operations in Zimbabwe are:
-- Payserv Africa, a FINTECH company with $7.57 million in
revenues in FY 2018. Payserv's Paynet Zimbabwe subsidiary holds a
leading position in the electronic payments market, facilitating
close to 40% of payments in the country.
-- Millchem Zimbabwe, a value chemicals distributor with $1.87
million in revenues for FY 2018 during which it achieved its first
profit in more than four years following successful implementation
of Cambria's turnaround programme.
Contacts:
Cambria Africa Plc www.cambriaafrica.com
Samir Shasha +44 (0)207 669 0115
Email: info@cambriaafrica.com
WH Ireland Limited (Nominated Adviser
& Broker)
James Joyce / Chris Viggor +44 (0)20 7220 1666
SVS Securities (Joint Broker)
Tom Curran / Ben Tadd +44 (0)20 3700 0093
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END
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