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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Zambeef Products Plc | LSE:ZAM | London | Ordinary Share | ZM0000000201 | ORD ZMW0.01 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 5.75 | 5.50 | 6.00 | 5.75 | 5.75 | 5.75 | 54,099 | 07:30:13 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Poultry & Poultry Prods-whsl | 6.2B | 118.61M | 0.3946 | 0.15 | 17.28M |
TIDMZAM
RNS Number : 5413O
Zambeef Products PLC
02 October 2019
2 October 2019
Zambeef Products plc
("Zambeef" or the "Group")
Year End Trading Update
Zambeef (AIM: ZAM), the fully integrated cold chain foods and retail business with operations in Zambia, Nigeria and Ghana, is pleased to provide the following year end trading update.
The Group is pleased to announce that for the year ending 30 September 2019, adjusted Profit Before Tax* is expected to be at least 20 per cent. higher than market expectations and revenue to be in line with market expectations.
This improved performance is largely attributable to the better than expected performance from the cropping division, with yields on soya beans, wheat and maize, which comprise the main crops, exceeding budgeted figures.
The Group expects to report audited annual results for the year ending 30 September 2019 on 22 November 2019.
*Adjusted Profit Before Tax (PBT) is defined as being adjusted for any unrealised foreign exchange gains or losses and any losses or gains made from asset disposals.
For further information, please contact:
Zambeef Products plc Tel: +260 (0) 211 369003 Francis Grogan, Chief Executive Officer Faith Mukutu, Chief Financial Officer Strand Hanson Limited (Nominated & Financial Adviser) Tel: +44 (0) 20 7409 3494 James Spinney Ritchie Balmer Eric Allan Finncap (Broker) Tel: +44 (0) 20 7220 0500 Christopher Raggett Powerscourt (Financial PR) Tel: +44 (0) 20 7250 1446 Nick Dibden Bethany Johannsen Pangaea Securities Tel: +260 (0) 211 220 707 Ceaser Siwale Wendy Tembo
Notes to the editors
The Zambeef Group is one of the largest integrated cold chain food producers in Zambia, involved in the production, processing, distribution and retailing of beef, chicken, pork, milk, eggs, dairy products, fish, flour and stock feed. The Group also has large cereal row cropping operations (principally maize, soya beans and wheat), with approximately 7,973 hectares of row crops under irrigation, which are planted twice a year and a further 8,776 hectares of rain-fed/dry-land crops available for planting each year.
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement via Regulatory Information Service, this inside information is now considered to be in the public domain.
-Ends-
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
NORFSDFEEFUSEFS
(END) Dow Jones Newswires
October 02, 2019 08:18 ET (12:18 GMT)
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