The Board of Directors of Zambian Breweries Plc (“the Board”) wishes to advise the Shareholders that for the period ending 31st December 2022, the earnings per share is expected to be 33% lower than that of the corresponding period last year for the Company.
Profit for the year reduced, driven by a change in the Company’s tax position from a refund last year resulting from impact of change in company tax rate (downward adjustment from 35% to 30%) to a payable position this year.
The Company expects its results for the fiscal year ended 31st December 2022 to be released on SENS and published in the local press on or about 9th March, 2023. Accordingly, shareholders are advised to exercise caution when dealing in the Company’s securities until publication of the results.
