Become a Member

Track your favourite stocks
Create & monitor portfolios
Daily portfolio value

Company	Chg	Chg %
Quickpicks
£	%
Add shares to your quickpicks to display them here!

Zambeef Prod. (ZAM) Share News

IN BRIEF: Zambeef Products shares down as interim loss widens

30th Jun 2023 14:36

Zambeef Products PLC - Lusaka-based cold chain foods and retail business with operations in Zambia, Nigeria and Ghana - Posts revenue of USD158,738 for year ended on March 31, up 7.2% from USD148,136 the year before. Says the half-year is characterised by a difficult trading environment due to "constricted consumer spending amidst a tight monetary policy". However, pretax profit is down 75% to USD2.5 million from USD9.9 million, as operating profit is down 58% to USD5.7 million from USD13.3 million the year before. Posts expenses classified as "other" at USD2.7 million, compared to "other" income of USD228,000 a year ago. Read More

IN BRIEF: Zambeef Products expects half-year earnings to fall

9th Jun 2023 14:22

Zambeef Products PLC - Lusaka-based cold chain foods and retail business with operations in Zambia, Nigeria and Ghana - Says total basic earnings per share for the financial half-year that ended March 31 is expected to be significantly lower than a year prior. EPS for all of financial 2022 was ZMW9.70, down from ZMW56.17 in financial 2021. Zambeef said it expects basic EPS to be down 113% in local currency and 112% in dollars, suggesting it expects to swing to loss in the half-year. Read More

IN BRIEF: Zambeef demand grows but rising prices add pressure

7th Jun 2023 08:59

Zambeef Products PLC - Lusaka, Zambia-based cold chain foods and retail business with operations in Zambia, Nigeria and Ghana - Says product demand has increased with volume growth across most categories during half year ended March 31, supported by price moderation strategy. Gross margins adversely impacted by lower than expected selling prices and higher input costs, including increased genset diesel costs in the first quarter of 2023. Cropping division was hurt by the price of soya beans decreasing 71%; this was exacerbated by reduced yields but partially offset by higher maize price. However the higher maize price put additional pressure on stock feed margins. Read More

UK shareholder meetings calendar - next 7 days

20th Dec 2022 15:49

IN BRIEF: Zambeef's annual profit falls despite revenue rise

5th Dec 2022 16:56

Zambeef Products PLC - cold chain foods and retail business with operations in Zambia, Nigeria and Ghana - Reports pretax profit of ZMW55.1 million in the year ended September 30, or around GBP2.6 million. This represents a 68% decline against the ZMW172.0 million profit achieved the year prior. Zambeef books a goodwill impairment of ZMW141.8 million on the fair value of Zamchick Ltd, a chicken abattoir, in the year. Adjusting for this non-cash impairment, Zambeef's pretax profit rose to ZMW197 million. Annual revenue rises 8.5% to ZAR5.39 billion from ZMW4.97 billion. Read More

TRADING UPDATES: Field Systems widens interim loss due to Covid impact

1st Dec 2022 14:31

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and Thursday and not separately reported by Alliance News: Read More

Zambeef Products earnings per share to take hit as Zamchick impaired

30th Nov 2022 17:06

(Alliance News) - Zambeef Products PLC said on Wednesday that earnings per share will suffer as the company's poultry distributor Zamchick is predicted to be impaired. Read More

IN BRIEF: Zambeef promotes division head M'boo Mumba to finance chief

22nd Nov 2022 13:31

Zambeef Products PLC - Zambia-focused cold chain foods and retail business - Promotes M'boo Mumba to chief financial officer, effective from December 1. Says Mumba follows the promotion of Faith Mukutu to chief executive officer on July 1 this year, who succeeded Walter Roodt. Read More

TRADING UPDATES: Zambeef expects profit jump; Mobile Streams wins deal

10th Nov 2022 21:19

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More

IN BRIEF: Zambeef secures USD35 million of USD100 million goal

18th Jul 2022 19:31

Zambeef Products PLC - Zambia-focused cold chain foods and retail business - Enters into ZMW570 million debt facility, around USD35 million, with the International Finance Corp to part finance its USD100 million investment strategy. IFC is a global development institution that supports economic development via the private sector of developing countries. If additional funding is secured, Zambeef expects to double row cropping capacity at Mpongwe Farm, and boost production effiency and capacity through downstream food value chains. Read More

Zambeef promotes Chief Financial Officer Faith Mukutu to CEO

29th Jun 2022 13:57

(Alliance News) - Zambeef Products PLC on Wednesday promoted its Chief Financial Officer Faith Mukutu to chief executive, effective from July 1. Read More

Zambeef Products shares jump on USD100 million expansion plans

16th Jun 2022 11:46

(Alliance News) - Zambeef Products PLC on Thursday said it has agreed on a USD100 million expansion strategy over the next three to five years. Read More

IN BRIEF: Zambeef Products profit hikes on strong Cropping results

15th Jun 2022 16:52

Zambeef Products PLC - Zambia-focused cold chain foods and retail business - For the six months ended March 31, pretax profit rises fourfold to USD10.5 million from USD2.6 million, on revenue which grows 45% year-on-year to USD148.1 million from USD102.5 million. Read More

FTSE 100 Latest

Value10,353.84

Change0.00