Zambeef Product (GB:ZAM) has released an update.
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Zambeef Products PLC anticipates a challenging financial report, projecting revenue and profits significantly below market expectations due to operational difficulties, a depreciating local currency, and high financing costs. Despite tough market conditions, such as Zambia’s worst drought and energy challenges, the company’s product demand has shown growth, and strategic initiatives are in place to manage rising costs. The company’s half-year results are expected to be published by the end of June 2024.
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