2017 Interim financial results
June 7th, 2017
Performance Overview
Half year performance characterised by a challenging economic environment in Zambia and a major drop in soft commodity prices significantly impacting the Group’s financial performance
Despite this, the Group has delivered a strong top line performance, driven by:
- Excellent sales and volume growth in the Retail and Cold Chain Food Products division
- Continued aggressive expansion of this retail network
- Robust operational performance from the Farming and Stock feed operations
Two Macro outlets opened with a further eight expected to open this year
- Aim to open 10-12 new Macro outlets each year
Shoprite rollout of new stores continues
- Zambia – three more expected in the second half
- Nigeria – three new stores opened
- Ghana – one new store opened in April 2017
Second half of the year expected to see a significant number of key projects
- Continue to grow the retail network and drive retail sales to help grow CCFP and stock feed operations
- Commission new Copperbelt distribution hub which will increase capacity and improve
efficiencies in the Copperbelt and North Western Province operations - Complete expansion of breeding farm and hatchery to increase day-old chick production from 210,000 to 310,000 birds per week
- Expand broiler processing operations to increase production by 30,000 birds per week
- Commission new stock feed plant at Mpongwe to bring additional stock feed capacity on line
Continue to look at ways of strengthening our balance sheet through disposal of non-core assets
2017 March HY Consolidated Financial Results.pdf
2017 March HY Results Presentation.pdf
