There were 4 Stock Exchange News Services (SENS) announcements in week 47 on the LuSE; 1 from Metal Fabricators of Zambia (ZAMEFA);1 from ZAMBEEF Plc (ZAMBEEF) and 2 from Zambian Breweries (ZAMBREW).
ZAMEFA – FULL YEAR TRADING STATEMENT AND ABRIDGED FINANCIALS 2022
In compliance with the Securities Act No. 41 of 2016 and the Listing Requirements of the Lusaka Securities Exchange, Metal Fabricators of Zambia PLC (ZAMEFA) announces its results for the year ended 30th September 2022.
Revenue at Zmw 2 056 million is 15% lower than the prior year (2021: Zmw 2 424 million). This is as a result of lower sales volumes in the current year. Additionally, as most of the company’s revenue is generated in United States Dollars (USD) the stronger Zambian Kwacha against the USD, resulted in lower revenue in the current year. However, the impact of the stronger Zambian kwacha was partly offset by the pass through effect of higher copper prices in the 2022 financial year when compared to the prior year.
ZAMBEEF CHANGES IN DIRECTORATE – CFO
Zambeef (AIM: ZAM), the fully integrated cold chain foods and retail business with operations in Zambia, Nigeria and Ghana, announces the appointment of Mr. M’boo John Mumba as Chief Financial Officer (CFO) of the Company, effective 1 December 2022. It is also intended that M’boo will become a Director of Zambeef and join the Board subject to the satisfactory completion of the required AIM regulatory due diligence.
ZAMBREW – NEWS RELEASE
ZAMBIAN BREWERIES BACKS CHILD ROAD SAFETY CAMPAIGN
Zambian Breweries has joined hands with the Road Transport and Safety Agency and the Zambia Road Safety Trust to promote road safety among schoolchildren at primary schools in Lusaka.
According to the Road Traffic Accident Statistics Report by RTSA, 1,457 children below the age of 16 years were involved in road accidents in 2021, with 213 of those dying as a result of their injuries.
NEWS RELEASE
ZAMBIAN BREWERIES BACKS CALLS TO TACKLE BEER SUPPLY BOTTLENECKS
Zambian Breweries has put its weight behind calls from the Bar and Night Club Owners’ Association of Zambia (BNCOAZ) to address supply bottlenecks in the clear beer market.
The brewing giant is working on a US$80 million investment in a new plant and equipment that will double production capacity at its Lusaka plant from 2024 onwards, helping to address the imbalance between supply and demand.