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Zambeef Product ( (GB:ZAM) ) has provided an update.
Zambeef Products PLC reported a resilient performance for the half-year ending March 31, 2025, despite challenging economic conditions in Zambia, including reduced consumer spending and rising input costs. The company achieved a 12.5% increase in revenue in local currency, driven by pricing and volume growth, although revenue in US dollars decreased by 3.1%. Gross profit rose by 26.2%, reflecting operational optimization and a favorable product mix. However, group income declined due to increased financing costs and higher income tax charges. Looking forward, Zambeef anticipates improved profitability in its Cropping division due to a forecasted bumper harvest and better summer crop yields, along with improved electricity supply, which could enhance the economic outlook.
More about Zambeef Product
Zambeef Products plc is the largest integrated cold chain food products and agribusiness company in Zambia, and one of the largest in the region. It is involved in the primary production, processing, distribution, and retailing of beef, chicken, pork, milk, dairy products, fish, flour, and stockfeed throughout Zambia and the surrounding region, as well as Nigeria and Ghana. The company operates 250 retail outlets across Zambia and West Africa and is a major supplier of beef, chicken, and pork in Zambia.
Average Trading Volume: 90,920
Technical Sentiment Signal: Strong Sell
Current Market Cap: £16.23M
See more insights into ZAM stock on TipRanks’ Stock Analysis page.