Zambeef HY 2019 Trading Statement

June 13th, 2019

In accordance with the Lusaka Securities Exchange (“LuSE”) Listings Requirements, the Board of Directors of Zambeef Products Plc hereby advises the Shareholders of the Group that the Earnings per Share for the six-month period ended 31st March 2019 is expected to be 372% lower than the corresponding period last year for the Group.

The Group faced operational headwinds in the period under review. Margins fell significantly due to increments in operating costs emanating from depreciation of the local currency. The Group’s core customer base endured reductions in purchasing power due to high inflationary pressures which further affected the Group’s performance.

The Group expects its results for the six-month period ended 31st March 2019 to be released on SENS on or about 14th June 2019. Accordingly, shareholders are advised to exercise caution when dealing in the securities until publication of the results.

Lusaka, Zambia – 10 6 19

Sponsoring Broker:
Pangaea Securities Limited

(Member of the Lusaka Securities Exchange)
(Regulated by the Securities and Exchange Commission)

Tel: +260 (211) 220 707 or 238 709 / 16 Fax +260 (211) 220 925
Pangaea Office Park, 1st Floor, Great East Road, P.O. Box 30163 Lusaka, Zambia
Issue Date: 10 June 2019

Download the full Trading Statement