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Zambeef Products sees annual earnings per share rising 73%

Fri, 6th Dec 2019

Zambeef Products said its earnings per share for the year through September were expected to rise about 73% on-year, in Zambian Kwacha terms. The growth came in what the company described as a challenging year amidst a regional drought and macroeconomic headwinds. The weakening of the Zambian Kwacha against the US dollar and an increase in the cost of fuel also weighed on the company's performance. 'Despite the challenges noted above, Zambeef achieved significant growth,' the company said. 'This achievement, in the face of such economic and market difficulties, illustrates the group's fundamental strengths as a diversified and resilient business.' At 1:14pm: (LON:ZAM) Zambeef Products PLC share price was +0.25p at 6.13p Story provided by

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