Zambeef Products (ZAM)

Sector:

Food

Index:

FTSE AIM All-Share

 4.55p
   
  • Change Today:
      0.000p
  • 52 Week High: 6.00
  • 52 Week Low: 3.15
  • Currency: UK Pounds
  • Shares Issued: 247.98m
  • Volume: 0
  • Market Cap: £11.28m

Zambeef EPS tumble on FX headwinds

By Iain Gilbert

Date: Thursday 26 Nov 2020

LONDON (ShareCast) - (Sharecast News) - Beef producer Zambeef said on Thursday that audited dollar-denominated revenues and underlying earnings were in line with current expectations.
However, while Zambeef stated that pre-tax profits were over 25% ahead of current expectations, earnings per share for the year ended 30 September were now expected to be a whopping 665% lower year-on-year in Zambian kwacha terms.

The AIM-listed group stated that the markedly weaker per share performance was a result of "a difficult operating environment", particularly in the second half of the year, due to adverse macro-economic fundamentals that were then worsened by the Covid-19 pandemic.

Zambeef also highlighted that a "significant depreciation" of the Zambian Kwacha against the US Dollar had an adverse impact on the pricing of imported production inputs and financing costs on its dollar-denominated loans.

Despite the challenges, Zambeef again pointed to its "significant revenue and operating profit growth" in the face of the pandemic, saying it demonstrated the group's "fundamental strength" as a diversified and resilient business.

As of 1340 GMT, Zambeef shares were down 3.81% at 5.05p.

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ZAM Market Data

Currency UK Pounds
Share Price 4.55p
Change Today 0.000p
% Change 0.00 %
52 Week High 6.00
52 Week Low 3.15
Volume 0
Shares Issued 247.98m
Market Cap £11.28m

ZAM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
83.99% above the market average83.99% above the market average83.99% above the market average83.99% above the market average83.99% above the market average
71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average
Price Trend
47.18% below the market average47.18% below the market average47.18% below the market average47.18% below the market average47.18% below the market average
67.74% below the sector average67.74% below the sector average67.74% below the sector average67.74% below the sector average67.74% below the sector average
Income Not Available
Growth
41.06% below the market average41.06% below the market average41.06% below the market average41.06% below the market average41.06% 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 --2025

Time Volume / Share Price
0 @ 0.000p

ZAM Key Personnel

CEO Faith Mukutu
Chair Patrick Wanjelani

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