Food
By Iain Gilbert
Date: Thursday 06 May 2021
LONDON (ShareCast) - (Sharecast News) - Beef producer Zambeef Products said on Thursday that full-year earnings looked set to beat expectations despite the "difficult operating environment" resulting from the Covid-19 pandemic.
Zambeef stated revenues were expected to be in line with current market expectations, while underlying earnings and pre-tax profits were now expected to come in 20-30% ahead of current market expectations.
The AIM-listed group said it had put on an "encouraging" first-half performance, driven by a focus on revenue optimisation, and added that the relative macroeconomic stability witnessed in the first half of the year was expected to continue during the second.
Zambeef said: "The continued focus on improved production efficiencies and overhead cost management across the business has delivered EBITDA for the first half ahead of previous management expectations. In-line revenue expectations reflect no material variances to previous expectations for sales volumes, sales pricing, and currency exchange rates."
As of 0940 BST, Zambeef shares had surged 12.94% to 7.20p.
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Currency | UK Pounds |
Share Price | 5.75p |
Change Today | -0.25p |
% Change | -4.17 % |
52 Week High | 7.75 |
52 Week Low | 4.85 |
Volume | 116,084 |
Shares Issued | 247.98m |
Market Cap | £14.26m |
Value |
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Price Trend |
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Income |
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Growth |
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No dividends found |
Time | Volume / Share Price |
16:13 | 1,936 @ 5.95p |
08:08 | 22,074 @ 5.75p |
08:07 | 70,000 @ 5.75p |
08:07 | 22,074 @ 5.75p |
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