Manufacturing, ZAMEFA PlcDecember 14, 2020

A Four-Year Comprehensive Analysis of ZAMEFA Financial Reports
Metal Fabricators of Zambia (ZAMEFA), a public limited liability company incorporated in the Republic of Zambia under the companies Act, first started its operations in 1968, just over 4 years after the independence of Zambia; it was later privatized in 1996 and in 2004 it was listed on the Lusaka Securities Exchange. The majority shareholders […]

Manufacturing, ZAMEFA PlcNovember 17, 2020

ZAMEFA expects 217% to 237% higher loss per share at year-end
Metal fabrication company, ZAMEFA, is in the process of concluding its 2020 financial year end results and has signaled to the market that its loss per share will be between 217% to 237% higher than the previous financial year’s results, according to a statement from the company. “In accordance with the Lusaka Securities Exchange (“LuSE”) […]

Manufacturing, ZAMEFA PlcJune 17, 2020

ZAMEFA earnings per share erodes at half year 2020
Metal fabrication company, ZAMEFA, expects to record significantly lower earnings per share when it reports its half-year results, according to a statement from the company. “In accordance with the Lusaka Securities Exchange (“LuSE”) Listing Requirements, the Board of Directors of Metal Fabricators of Zambia Plc (“the Board”) hereby advises the Shareholders of the Company that […]

Manufacturing, ZAMEFA PlcFebruary 1, 2020

ZAMEFA Shareholders to vote on changes to its ‘Authorized Shares’
Metal Fabricators Zambia PLC, also known as ZAMEFA, will this February 20th, 2020, hold their Annual General Meeting at which the Board of Directors will be seeking a vote on the increase in the company’s authorized shares, according to a statement from the company. The special resolution will seek approval from shareholders to “to the […]

Agriculture, Manufacturing, Zambia Sugar Plc, ZAMEFA PlcJanuary 31, 2020

Zambia Sugar unveils the ‘First Lady’ of manufacturing as a Non-Executive Director
The Boardroom of Nakambala Sugar Estate will now be graced by Roseta Chabala as Zambia Sugars’ latest addition to its illustrious Board, according to a statement from the company. “The Company wishes to announce the appointment of Mrs. Roseta Mwape Chabala as a non-executive director of the Board”, read a statement issued by Mwansa Mutimushi […]

Manufacturing, ZAMEFA PlcNovember 26, 2019

SOEs debt weighs heavily on ZAMEFA’s 2019 Performance
The manufacturer and distributor of electrical cables and wires, ZAMEFA, has reported a loss after tax of K72.3 million for the year ended September 2019 due in part to weakening operating activity on account of slow settlement of VAT refunds from ZRA and slow payments for product by state-owned enterprises (SOEs), according to a statement […]

Manufacturing, ZAMEFA PlcMay 27, 2019

Metal Fabricators of Zambia PLC 2019 Consolidated Half Year Results
Metal Fabricators of Zambia plc (Zamefa) was incorporated in the Republic of Zambia under the Zambia Companies Act as a public limited liability company and is domiciled in Zambia. Zamefa was incorporated in 1968 and privatized in 1996. The company was listed on the Lusaka Securities Exchange in September 2004. The principal shareholder of ZAMEFA […]

Manufacturing, ZAMEFA PlcMay 6, 2019

ZAMEFA forecasts earnings increase north of 190% at half year
The Board of Zamefa forecasts a stronger earnings per share for the six month period ending 31st March 2019 for the 2019 financial year signaling an improvement in profitability compared to the previous financial year. The company is expected to record an increase of between 190% and 210% of the EPS following an increase in […]

Manufacturing, ZAMEFA PlcJanuary 1, 2019

ZAMEFA – In depth Analysis of 2018 Performance
Following our publication of “Metal Fabricators Plc. at Full Year 2018 – Delinquent Receivables” in December 2018, we felt it prudent to further analyse the value creation prospects of the company. Our analysis looked at their latest annual report following their AGM in Q4. Profitability In a year that saw the company record negative earnings […]

Manufacturing, ZAMEFA PlcDecember 20, 2018

Metal Fabricators Plc at Full Year 2018 – Delinquent Receivables
The Board of Directors at Metal Fabricators Plc. (also known as ZAMEFA) are not too happy. AE Dickson, their Board Chairman, admitted in their annual report for 2018 that the company faced a difficult year. This difficulty was not their own making. Counterparties in their business ecosystem were the reason that the Rosetta Chabala led […]