Zambeef Product (GB:ZAM) has released an update.
Zambeef Products PLC has reported a significant earnings increase of 233% in Zambian Kwacha and 143% in US Dollar terms for the financial half-year ended March 31, 2024, compared to the same period last year, despite challenging economic conditions and the worst drought on record. The company credits its vertically integrated model and strategic pricing initiatives across all divisions for this performance, which has been resilient amid rising costs and macroeconomic pressures. Zambeef remains optimistic about Zambia’s economic stability moving forward, due to improved investor confidence following debt restructuring with international bondholders.
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