ZAMBEEF 2021 March HY Results Presentation
July 14th, 2021
Financial Highlights
• Combined Retail and CCFP performance was the key driver to operating profit growth in ZMW terms as the tandem grew by 61% on the previous corresponding period
• Cropping, our core driver of USD operating profits, saw operational metrics reduce by reduced by 23% .
• Contributions to operating profits in USD terms saw reductions across the board except in the Retail and CCFP division, contribution in the division grew to 30% owing to management and pricing efficiencies.
Revenue
• Combined Retail & CCFP and Stockfeed revenue on prior year were principle drivers for the observed 21% revenue increase. Combined, they contributed to 88% of the observed revenue.
• USD revenues declined as growth metrics observed in all divisions were eroded by the depreciation of the local currency.
Gross Profit
• Gross Profit margins in the cropping division came under pressure due to the increase in the cost of USD priced inputs and persistent load shedding.
• USD Gross Profit was further strained as eroded Retail & CCFP revenue growth was partnered with a 1% reduction in margins.
Operating Profit
• Combined Retail and CCFP performance was the key driver to operating profit growth in ZMW terms as the tandem grew by 61% on the previous corresponding period
• Cropping, our core driver of USD operating profits, saw operational metrics reduce by reduced by 23% .
• Contributions to operating profits in USD terms saw reductions across the board except in the Retail and CCFP division, contribution in the division grew to 30% owing to management and pricing efficiencies
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