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Zambeef Prod. (ZAM) Share News

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

TRADING UPDATES: Sportech, GYG trade well, Supply@ME loss widens

31st May 2022 16:18

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

TRADING UPDATES: 1Spatial swings to profit; AB Dynamics revenue grows

27th Apr 2022 17:24

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