Zambrew forecasts higher earnings per share
Beverage, Zambian Breweries

When Ab Inbev’s Zambian Breweries Plc reports its earnings for the period ending Q2 2021, they forecast an over 600% increase in bottom-line performance.

The Board of Directors of Zambian Breweries Plc (“the Board”) wishes to advise the Shareholders that for the period ending 30th June 2021, the basic earnings per share is expected to be 683% higher than that of the corresponding period last year”, read a statement issued by Company Secretary Deborah Bwalya on 5 August 2021.

Initial commentary from the company indicates improvement in revenue and operations management. “This increase is due to the excellent revenue results achieved, along with efficient management of operational costs, as well as foreign currency risk exposure”.

The Company expects its results for the half-year ended 30th June 2021 to be released on SENS and published in the local press on or about 11th August 2021. Accordingly, shareholders are advised to exercise caution when dealing in the Company’s securities until publication of the results”.

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