Zambeef Products (ZAM)

Sector:

Food

Index:

FTSE AIM All-Share

5.00p
   
  • Change Today:
      0.45p
  • 52 Week High: 6.00p
  • 52 Week Low: 3.15p
  • Currency: UK Pounds
  • Shares Issued: 247.98m
  • Volume: 480,225
  • Market Cap: £12.40m

Zambeef operations do well in first half

By Josh White

Date: Wednesday 06 Jun 2018

LONDON (ShareCast) - (Sharecast News) - Africa-focussed cold chain foods and retail business Zambeef issued its unaudited interim results for the six months ended 31 March on Wednesday, reporting revenue of $123.85m, up from $118.38m year-on-year.
The AIM-traded firm said gross profit rose to $46.58m from $38.49m, with operating profit rising to $6.3m from $4.5m.

Its profit before tax was $2.76m, compared to $0.59m a year ago, while profit after tax more than doubled to $1.18m from $0.53m.

EBITDA for the period stood at $11.11m, compared to $8.9m last year, with the company's EBITDA margin improving to 8.97% from 7.51%.

Its operating profit margin was 5.08%, compared to 3.8% at the same time last year.

"The volatile economic conditions in Zambia over the previous two years, including sharp depreciation of the Kwacha against the US Dollar and relatively high inflation, presented challenges for the business," said chairman Dr Jacob Mwanza

".I am pleased to say that this period of uncertainty appears to be behind us.

"We are entering a period of relative stability in the economy, supported by tight fiscal and monetary control by Zambia's Ministry of Finance and the Bank of Zambia."

Dr Mwanza said volume and margin growth in the company's retail and cold chain food products division and stockfeed division indicated that the worst of the economic hardship had dissipated.

"The group will maintain its focus on expanding the retailing and distribution footprint and on improving margins and increasing profitability.

"We will continue to expand the cold chain food production capacity to meet increasing consumer demand; complete the build out of the new stock feed plant at Mpongwe and continue to strengthen our balance sheet, through the disposal of non-core assets."

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ZAM Market Data

Currency UK Pounds
Share Price 5.00p
Change Today 0.45p
% Change 9.89 %
52 Week High 6.00p
52 Week Low 3.15p
Volume 480,225
Shares Issued 247.98m
Market Cap £12.40m

ZAM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
84.01% above the market average84.01% above the market average84.01% above the market average84.01% above the market average84.01% above the market average
70.37% above the sector average70.37% above the sector average70.37% above the sector average70.37% above the sector average70.37% above the sector average
Price Trend
18.68% below the market average18.68% below the market average18.68% below the market average18.68% below the market average18.68% below the market average
48.39% below the sector average48.39% below the sector average48.39% below the sector average48.39% below the sector average48.39% below the sector average
Income Not Available
Growth
39.98% below the market average39.98% below the market average39.98% below the market average39.98% below the market average39.98% below the market average
14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average

ZAM Dividends

No dividends found

Trades for 03-Apr-2025

Time Volume / Share Price
16:35 90 @ 5.00p
16:35 90 @ 5.00p
10:43 50,000 @ 4.65p
10:32 56,284 @ 4.79p
10:15 76 @ 4.80p

ZAM Key Personnel

CEO Faith Mukutu
Chair Patrick Wanjelani

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