Zambeef Prod. Share News (ZAM)

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.

Zambeef appoints interim chair following death of Michael Mundashi

(Alliance News) - Zambeef Products PLC on Tuesday said it has appointed Monica Musonda as interim chair following the death of Michael Mundashi last month.

TRADING UPDATES: Baron Oil surrenders licence; DG Innovate proposes JV

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

UK shareholder meetings calendar - next 7 days

IN BRIEF: Zambeef Products profit surges despite tough environment

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.

Zambeef reiterates FY guidance, EPS surges

(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.

TRADING: Zambeef sees profit above market views; Luceco trades in line

(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:

TRADING UPDATES: Zambeef to rationalise in Zambia; Nucleus owns Curtis

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

IN BRIEF: Zambeef Products shares down as interim loss widens

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.

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

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.

IN BRIEF: Zambeef demand grows but rising prices add pressure

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.

UK shareholder meetings calendar - next 7 days

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

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.

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

(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:

Zambeef Products earnings per share to take hit as Zamchick impaired

(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.