NATBREW TRADING STATEMENT
National Breweries

 

 

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 year ended 31st March 2022 is expected to be 38% lower than the corresponding period last year.

The Company recorded a reduction in revenue largely as a result of the reduction in volumes. Further, margins were eroded by the high costs of discounts, production and distribution. However, the Kwacha strengthening resulted in an exchange gain on the revaluation of foreign currency liabilities. Consequently, the company posted a lower year-end operating loss than the previous year, said the statement issued on 6th June 2022 by the Company Secretary, Vongai Chiwaridzo.
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 year ended 31st March 2022 to be released on SENS on or about 7th June 2022.

Accordingly, shareholders are advised to exercise caution when dealing in the Company’s securities until publication of the results.

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