Zambeef Products (ZAM)

Sector:

Food

5.85p
   
  • Change Today:
      0.23p
  • 52 Week High: 7.10
  • 52 Week Low: 4.85
  • Currency: UK Pounds
  • Shares Issued: 247.98m
  • Volume: 5,322
  • Market Cap: £14.51m

Zambeef FY EPS seen sharply lower, PBT impacted by £6.9m impairment loss

By Iain Gilbert

Date: Wednesday 30 Nov 2022

LONDON (ShareCast) - (Sharecast News) - Beef producer Zambeef said on Wednesday that earnings per share for the year ended 30 September were expected to be 83% lower year-on-year, while pre-tax profits were said to be hit by an impairment loss.
Zambeef said reported pre-tax profits were now expected to be affected by an impairment loss of K 142.0m (£6.90m) related to Zamchick. However, the group stated that Zamchick was "profitable and cash generative" in the 2022 trading year and was expected to remain so in 2023.

However, whilst Zamchick was expected to remain profitable in the future, the expected impairment reflected a reduction in the board's expectations of the unit's future economic performance.

The AIM-listed group also highlighted that "constrained consumer spending" had negatively impacted volume growth in its retail and cold chain food products, particularly in the first half of the financial year, while the period saw an escalation in key input prices such as fuel, chemicals, and fertiliser, which impacted margins. Zambeef also said it saw outbreaks of contagious bovine pleuropneumonia and African swine fever.

"Despite these headwinds, performance in cropping, milling, and stockfeed enabled the group to achieve adjusted EBITDA in line with market expectations owing to high grain prices, market share gains, and cost containment," said Zambeef.

As of 1025 GMT, Zambeef shares were up 4.24% at 7.90p.







Reporting by Iain Gilbert at Sharecast.com

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ZAM Market Data

Currency UK Pounds
Share Price 5.85p
Change Today 0.23p
% Change 4.00 %
52 Week High 7.10
52 Week Low 4.85
Volume 5,322
Shares Issued 247.98m
Market Cap £14.51m

ZAM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
95.12% above the market average95.12% above the market average95.12% above the market average95.12% above the market average95.12% above the market average
77.78% above the sector average77.78% above the sector average77.78% above the sector average77.78% above the sector average77.78% above the sector average
Price Trend
29.97% below the market average29.97% below the market average29.97% below the market average29.97% below the market average29.97% below the market average
57.14% below the sector average57.14% below the sector average57.14% below the sector average57.14% below the sector average57.14% below the sector average
Income Not Available
Growth
10.27% above the market average10.27% above the market average10.27% above the market average10.27% above the market average10.27% above the market average
62.96% above the sector average62.96% above the sector average62.96% above the sector average62.96% above the sector average62.96% above the sector average

ZAM Dividends

No dividends found

Trades for 18-Jun-2024

Time Volume / Share Price
10:22 322 @ 5.90p
09:39 5,000 @ 5.81p

ZAM Key Personnel

CEO Faith Mukutu

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