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15/11/2017
2017 Highlights
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Record performance from the Stock Feed division which was the top performing division within the Group, with EBITDA up 20% in ZMW (37% in USD).
Core Cold Chain Food Products and Retailing divisions posted good operational results, with EBITDA (consolidated) up 55.7% in ZMW (77.1% in USD).
The Retailing division continues to perform well, with turnover up 27.3% in ZMW (44.9% in USD).
Continued implementation of market-driven retail strategy – movement away from traditional butcheries and continued rollout of spacious, secure Macro outlets. 10 Macro stores opened in FY2017 (now 19 Macros in total).
Expansion of total retail network from 171 to 196.
Commissioning of USD 30 million hatchery and 11,000 M.T. per month capacity stock feed mill at Mpongwe farm.
Commissioning of USD 1.2 million rotary milking parlour at Kalundu Dairy Farm to improve efficiency.
Agreement reached to sell 90% stake in Zampalm to the Industrial Development Corporation (IDC) for USD 16 million.
