Energy, Puma Energy (Z) PlcSeptember 22, 2020

PUMA at half year 2020 – Exchange gains increase “margins”
There are industries that seeing benefits in the deterioration of the kwacha against the dollar. These are industries that see exchange gains adding steroids to the bottom line. Oil marketing is one of them thanks to the cost pass-through mechanisms that are in place through the regulator, ERB. Puma recently published their half-year results for […]

Energy, Puma Energy (Z) PlcMarch 21, 2020

Puma underperforms despite expansionary strategy in 2019
Puma Energy Zambia Plc has reported a 5% fall in sales volumes for the financial year 2019 despite a sizable expansion budget, according to a statement from the company.   “For the year ended 31 December 2019, the Company recorded a profit after tax of K105,548 thousand compared to K115,133 thousand recorded in the previous […]

Energy, Puma Energy (Z) PlcMarch 8, 2020

Sidy resigns from Puma Board
Puma Energy Zambia Plc has announced the resignation of one of its Board Members, according to a statement from the company. “Pursuant to section 3.59 of the LuSE Listing Requirements, the Board of Directors of Puma Energy Zambia Plc (“the Board”) wishes to announce the resignation of Mr Sidy Bane as Director of the Board […]

Energy, Puma Energy (Z) PlcNovember 26, 2019

Puma Energy Zambia Board announces Charmetant departure
Oil marketing company Puma Energy Zambia Plc has announced the resignation of Gregoire Charmetant as a director on the board, according to a statement from the company. “Pursuant to section 3.59 of the LuSE Listing Requirements, the Board of Directors of Puma Energy Zambia Plc (“the Board”) wishes to announce the resignation of Mr Gregoire […]

Energy, Puma Energy (Z) PlcSeptember 17, 2019

Puma records increased revenue at half-year 2019
Petroleum company, Puma Energy Zambia Plc, announced a profit before tax of K78.27 million at half-year 2019 despite a 3.8% dip in volumes compared to its half-year performance. “The Company recorded for the half-year ended 30 June 2019 a profit before tax of K78.27 million compared to K61.48 million recorded in the previous financial year”, […]

Energy, Puma Energy (Z) PlcOctober 24, 2018

PUMA at Half Year 2018
On 28th September 2018, PUMA Energy Zambia Plc reported, through SENS Announcement on LuSE, its half year performance for 2018. The Oil Marketing Company (OMC) that is positioned at the tail end of the oil marketing value chain saw revenue increase by 20.2% at half year 2018 compared to the same time in the previous […]

Puma Energy (Z) PlcApril 30, 2018

Puma’s 2017 Performance
Puma continues to pride itself over its safety record. This was evident when we reviewed their 2017 annual report for the year under review saw no deaths according to their Board Chairman JJ Sikazwe. In fact, although their record indicated a one point improvement in 2017 compared to 2016, road traffic accidents stood out as […]

Energy, Puma Energy (Z) PlcMarch 6, 2017

PUMA – Half Year Results
Puma’s current half year offering is mirror of where they left off from the 2015 Annual Report. They are still faced with the same macro environmental forces that threaten value. This has put a lot of pressure on their management team to remain efficient albeit in a time when they have chosen the path of […]

Energy, Puma Energy (Z) PlcJuly 6, 2016

PUMA: REALISING VALUE FROM RETAIL
As I poured through the Puma 2015 Annual Report whilst the petrol attendant put gas in my car, I could not help but feel proud of the strides that J.J. Sikazwe (its chairman) and his management team had placed in ensuring that their company took pride in the safety of its customers and employees. Their […]