Zambeef Products PLC Year End Trading Update (5413O)
02 Ottobre 2019 - 2:18PM
UK Regulatory
TIDMZAM
RNS Number : 5413O
Zambeef Products PLC
02 October 2019
2 October 2019
Zambeef Products plc
("Zambeef" or the "Group")
Year End Trading Update
Zambeef (AIM: ZAM), the fully integrated cold chain foods and
retail business with operations in Zambia, Nigeria and Ghana, is
pleased to provide the following year end trading update.
The Group is pleased to announce that for the year ending 30
September 2019, adjusted Profit Before Tax* is expected to be at
least 20 per cent. higher than market expectations and revenue to
be in line with market expectations.
This improved performance is largely attributable to the better
than expected performance from the cropping division, with yields
on soya beans, wheat and maize, which comprise the main crops,
exceeding budgeted figures.
The Group expects to report audited annual results for the year
ending 30 September 2019 on 22 November 2019.
*Adjusted Profit Before Tax (PBT) is defined as being adjusted
for any unrealised foreign exchange gains or losses and any losses
or gains made from asset disposals.
For further information, please contact:
Zambeef Products plc Tel: +260 (0) 211 369003
Francis Grogan, Chief Executive Officer
Faith Mukutu, Chief Financial Officer
Strand Hanson Limited (Nominated & Financial Adviser) Tel: +44 (0) 20 7409 3494
James Spinney
Ritchie Balmer
Eric Allan
Finncap (Broker) Tel: +44 (0) 20 7220 0500
Christopher Raggett
Powerscourt (Financial PR) Tel: +44 (0) 20 7250 1446
Nick Dibden
Bethany Johannsen
Pangaea Securities Tel: +260 (0) 211 220 707
Ceaser Siwale
Wendy Tembo
Notes to the 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 7,973 hectares of row crops under
irrigation, which are planted twice a year and a further 8,776
hectares of rain-fed/dry-land crops available for planting each
year.
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014. Upon the
publication of this announcement via Regulatory Information
Service, this inside information is now considered to be in the
public domain.
-Ends-
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END
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