20th Nov 2018 13:08
LONDON (Alliance News) - Zambeef Products PLC said Tuesday it expects its earnings per share for the year ended September to multiply on prior year due to higher revenue and margins.
Shares in the beef producer were trading up 8.3% at 12.45 pence each on the back of the news.
The foods business with operations in Zambia, Nigeria and Ghana said the increase in earning per share profitability depends on an expected 14% rise in group revenue.
Zambeef's gross profit margins is predicted to increase to 34.5% from 32.8%, resulting in gross profit increasing by 20% percent for the year.
A year ago, Zambeef posted revenue of USD255.8 million, pretax profit of USD575,000 and gross profit of USD83,890.
The company will publish its full-year results on November 21.
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