Zambeef expects annual profit and revenue to fall below expectations
(Alliance News) - Zambeef Products PLC on Tuesday said it will not meet profit and revenue market expectations for its financial year ending September 30.
Read more(Alliance News) - Zambeef Products PLC on Tuesday said it will not meet profit and revenue market expectations for its financial year ending September 30.
Read more(Alliance News) - Zambeef Products PLC on Tuesday said it has appointed Monica Musonda as interim chair following the death of Michael Mundashi last month.
Read more(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 moreMonday 25 December | |
no events scheduled | |
Tuesday 26 December | |
no events scheduled | |
Wednesday 27 December | |
Tremor International Ltd | AGM |
Thursday 28 December | |
ADVFN PLC | AGM |
Altona Rare Earths PLC | AGM |
Beximco Pharmaceuticals Ltd | AGM |
Global Petroleum Ltd | AGM |
Visum Technologies PLC | AGM |
Friday 29 December | |
Apollon Formularies PLC | AGM |
Eco Atlantic Oil & Gas Ltd | AGM |
Genedrive PLC | AGM |
Goldplat PLC | AGM |
Lansdowne Oil & Gas PLC | GM re capital raise |
Marula Mining PLC | AGM |
Microsaic Systems PLC | GM re fundraise |
Online Blockchain PLC | AGM |
Secure Property Development & Investment PLC | AGM |
SkinBioTherapeutics PLC | AGM |
Tetragon Financial Group Ltd | AGM |
Woodbois Ltd | AGM |
Zambeef Products PLC | AGM |
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Zambeef Products PLC - Lusaka-based cold chain foods and retail business with operations in Zambia, Nigeria and Ghana - For the financial year ended September 30, reports revenue of ZMW6.05 billion, about USD331.5 million, up from ZMW5.39 billion a year earlier. Pretax profit surges to GBP203.7 million from GBP55.2 million.
Read more(Sharecast News) - Zambian beef producer Zambeef reiterated full-year guidance on Monday as it said basic earnings per share were expected to have surged 272% year-on-year in USD terms and 306% in Kwacha.
Read more(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
Read more(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 moreZambeef 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 moreZambeef 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 moreZambeef 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 moreWednesday 21 December | |
7digital Group PLC | AGM |
BATM Advanced Communnications Ltd | AGM |
dotdigital Group PLC | AGM |
Northamber PLC | AGM |
Parkmead Group PLC | AGM |
Windar Photonics PLC | AGM |
Thursday 22 December | |
Beeks Financial Cloud Group PLC | AGM |
Beximco Pharmaceuticals Ltd | AGM |
Corcel PLC | AGM |
Gulf Investment Fund PLC | AGM |
SolGold PLC | AGM |
Friday 23 December | |
Plexus Holdings PLC | AGM |
Wildcat Petroleum PLC | AGM |
Monday 26 December | |
no events scheduled | |
Tuesday 27 December | |
Zambeef Products PLC | AGM |
Copyright 2022 Alliance News Ltd. All Rights Reserved. |
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(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(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