In accordance with the Lusaka Securities Exchange (“LuSE”) Listings Requirements, the Board of Directors of National Breweries Plc (“Natbrew” or “the Company”) hereby advises the Shareholders of the Company that the Loss Per Share for the half-year period ended 30th September 2022 is expected to increase by 330% compared to the corresponding period last year.
The company recorded a reduction in revenue due to a product mix skewed towards lower value packs and a 66% increase in excise duty on its products. Margins were also eroded by the higher costs of distribution.
Shareholders are hereby advised that the information contained in this trading statement has not been reviewed nor reported on by the external auditors of the Company.
The Company expects its results for the half-year period ended 30th September 2022 to be released on SENS on or about 18th November 2022. Accordingly, shareholders are advised to exercise caution when dealing in the Company’s securities until the publication of the results.