Zambeef Products PLC Trading Statement (9196H)
20 November 2018 - 10:18PM
UK Regulatory
TIDMZAM
RNS Number : 9196H
Zambeef Products PLC
20 November 2018
20 November 2018
("Zambeef" or the "Group")
TRADING STATEMENT
In accordance with the Lusaka Securities Exchange ("LuSE")
Listings Requirements, the Board of Directors of Zambeef Products
Plc ("the Group") hereby advises the Shareholders of the Company
that the Earnings per Share and Headline Earnings per Share for the
Year Ended 30 September 2018 are expected to be approximately 163%
higher than for the Year Ended 30 September 2017.
The movement in profitability is attributed primarily to the
following points: Revenue for the Group increased by 14.2 percent
in ZMW while Gross Profit margins increased from 32.8 percent in
2017 to 34.5 percent, resulting in Gross Profit increasing by 20.1
percent for the Year Ended 30 September 2018. Consistent revenue
growth through expanding the retail network and driving Cold Chain
Food Products and stock feed operations with like-for-like revenue
growth of 12.8 percent in the retail network was one of the key
drivers of growth. The Zambia Retailing Macro stores alone, had a
revenue growth of 63.5 percent in ZMW. The Group has achieved a
Profit After Tax of ZMW24.5 million compared to ZMW5.5 million in
2017.
The Company expects its results for the Year Ended 30 September
2018 to be released on SENS and RNS published in the local press on
or after 21 November 2018.
Accordingly, shareholders are advised to exercise caution when
dealing in the Company's Securities until publication of the
results.
For further information, please contact:
Zambeef Products plc Tel: +260 (0) 211 369003
Francis Grogan, Chief Executive Officer
Craig Harris
Strand Hanson Limited Tel: +44 (0) 20 7409 3494
James Spinney
Ritchie Balmer
Frederick Twist
finnCap Tel: +44 (0) 20 7220 0500
Chris Raggett
Powerscourt Tel: +44 (0)20 7250 1446
Nick Dibden
Jana Tsiligiannis
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
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