Annual Report

November 25th, 2016

In accordance with the requirements of the Securities and Exchange Act No. 38, Zambeef Products PLC announces the release of the 2016 annual report for the year ended 30 September, 2016.

Commenting on the results, Zambeef Chairman Dr. Jacob Mwanza, said:

“Zambeef has ended the financial year in a strong position. A 10.8% volume growth in cold chain food products and a 15.3% volume growth in stock feed has delivered record profits through efficient delivery of our strategic priorities, and a platform has been created from which to continue sustainable long term growth. The balance sheet has been significantly strengthened as a result of CDC having made a substantial investment in the Group.

Zambeef now has the ability once again to invest in growing its business, accelerate the roll-out of its new macro stores and expand its cold chain foods production capacity in order to meet the growing demand for its products, both in Zambia and in the surrounding SADC/COMESA regions.

Zambeef operates in a dynamic expanding market, where the demand for its products, both locally and in neighboring countries, is expected to grow rapidly in order to meet the needs of an increasing population.

We are entering into a new era for Zambeef, and I am confident that the Group is well positioned to take advantage of the opportunities that lie ahead.”

For further information, please contact:

Zambeef Products plc
Carl Irwin, Joint Chief Executive Officer
Francis Grogan, Joint Chief Executive Officer
Tel: +260 (0) 211 369003
Pangaea Securities Limited
Wendy Tembo, Head Brokerage and Trading
Tel: +260 (211) 220 707 or +260 (211)238 709

Accordingly, investors in Zambeef Products Plc are advised to exercise caution when trading in the Company’s shares and should seek the professional advice of a broker or investment advisor for guidance.

Further information can be found on

Download full report

Download the 2016 annual report