Zambeef Products PlcMay 3, 2022

ZAMBEEF Forecasts Better Than Expected Revenue at FY 2022
Fully integrated cold chain foods and retail business ZAMBEEF has announced it expects better than market forecast revenue, according to a statement from the Company. “The Group announces that for the full year ending 30 September 2022, revenue (reported in USD) is expected to be 10% above current market expectations, with EBITDA, EBIT and adjusted […]

Mining, Zambeef Products Plc, ZCCM-Investment Holdings PlcJanuary 3, 2022

Dolika Ascends to the ZCCM IH Board Chairpersonship
Towards the end of Q4 2021, Zambia’s investment house announced the appointment of seasoned Banker and Investment Professional Dolika Banda as its new Board Chairperson, according to statement from ZCCM IH. In a statement issued by the Head of Corporate Affairs Loisa Mbatha on 15th December 2021, ZCCM-IH’s new Board Chair is an investment and […]

Agriculture, Zambeef Products PlcNovember 3, 2021

ZAMBEEF SET TO CLEAR MORE FOREX DEBT
Government-backed stimulus package helps set the country’s largest retailer on growth trajectory LUSAKA, ZAMBIA – Zambeef Products Plc is set to clear a significant slice of its external debt with the aid of a K220 million government-backed COVID-19 stimulus package signed with Absa Bank Zambia PLC today. The drawdown will enable the retailing and agribusiness giant […]

Agriculture, Zambeef Products PlcJuly 13, 2021

CDC’s Braeken liquidates sake in Zambeef shares
Zambeef’s Non-executive Director Frank Braeken has sold his ordinary shares in Zambeef Plc, according to a statement from the company. “In accordance with Section 3.63 (a)(i) of the Lusaka Securities Exchange Listings Rules (“LuSE Listings Rules”) Zambeef Products Plc (“Zambeef” or “the Company”), (AIM: ZAM), wishes to announce that Mr. Frank Braeken, Non-Executive Director, sold,

Agriculture, Zambeef Products PlcJune 19, 2021

M&G Plc has voting rights reduced in Zambeef Security
The only listed Agribusiness company on the Lusaka Securities and Exchange has announced a change in voting rights for one of its shareholders, according to a published statement from Zambeef Plc. According to a “CHANGE IN VOTING RIGHTS” SENS announcement issued by Company Secretary Mwansa Mutimushi, London UK based M&G Plc had its voting rights […]

Agriculture, Zambeef Products PlcMay 8, 2021

ZAMBEEF forecasts better than expected results for 2021
When listed food processing company ZAMBEEF reports its 2021 full year financial results in Q3 2021, it expects a performance that is in the range of 20% to 30%, according to a SENS statement issued by the company. “The Group announces that for the year ending 30 September 2021, revenue (reported in USD) is expected […]

Agriculture, Retail, Zambeef Products PlcFebruary 2, 2021

Mutimushi enters the Zambeef Boardroom
Food processing and agri-distribution company, Zambeef Plc, has announced the appointment of Mwansa Mutimushi as its Group Head of Legal and Company Secretary. On 13th January 2021, in an internal memorandum to all staff availed to Financial Insight Zambia by sources close to the matter, the CEO announced the appointment of Mwansa. “We are pleased […]

Agriculture, Zambeef Products PlcDecember 3, 2020

An Analysis of Zambeef’s Financial Year ended 30th September 2020
Earnings season continues with the announcement of the financial results of Zambia’s biggest food distribution company. Zambeef in their press statement dated 2 December 2020, made available figures of how their financial year, ended 30 September 2020, went. Sales revenue standing at rose by 24% to K3.88bn from the revenue of K3.13bn accumulated in the […]

Agriculture, Zambeef Products PlcNovember 26, 2020

Zambeef Trading Statement – November 2020
As stated on 28 October 2020, the Group was pleased to announce that it expected to report audited dollar denominated revenue and EBITDA that is in line with current market expectations, with EBIT and adjusted Profit Before Tax* that are over 25% ahead of current market expectations. The Group is pleased to confirm this remains […]

Agriculture, Zambeef Products PlcNovember 9, 2020

Zambeef Year end Financial Performance for 2020
Performance overview Zambeef’s official financial year came to a close on 30th of September 2020, and with that came release of the company’s trading status as of then. According to their update, the Group seems to be thriving this particular financial year despite of all the set-backs and challenges they and the majority of other […]