Zambeef has recorded increase in revenue for the Group by 14.2 percent for the year ended 30th September 2018.
Gross Profit margins for the company has also increased from 32.8 percent in 2017 to 34.5 percent, resulting in Gross Profit increasing by 20.1 percent.
In its Trading Statement posted on the Lusaka Securities Exchange (LuSE), the company says consistent revenue growth through expanding the retail network and driving Cold Chain Food Products and stock feed operations with like-for-like revenue growth of 12.8 percent in the retail network was one of the key drivers of growth.
“In accordance with the Lusaka Securities Exchange (“LuSE”) Listings Requirements, the Board of Directors of Zambeef Products Plc (“the Group ”) hereby advises the Shareholders of the Company that the Earnings per Share and Headline Earnings per Share for the Year Ended 30 September 2018 are expected to be approximately 163 % higher than for the Year Ended 30 September 2017,” the statement read in part.
Zambeef says the Zambia Retailing Macro stores alone, had a revenue growth of 63.5 percent adding that the Group has achieved a Profit After Tax of K24.5 million compared to K5.5 million in 2017.
“The Company expects its results for the Year Ended 30th September 2018 to be released on SENS and RNS and published in the local press on or after 21 November 2018. Accordingly, shareholders are advised to exercise caution when dealing in the Company’s Securities until publication of the results,” said the statement.