Zambeef Products 2021 September FY Results Presentation

December 21st, 2021

Financial Highlights

Operational Growth Driven by Revenue growth and cost efficiencies


  • Revenue growth of 28% in Kwacha terms on prior year driven by pricing as demand for products held, despite supply challenges and input cost pressures across most products
  • USD revenues declined as growth metrics observed in Kwacha terms 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
  • A high inflationary and supply constrained environment increased cost of sales figures significantly leading to reduced leveraged growth on revenue

Operating Profit

  • Operating profit growth of 27% on prior year in kwacha terms owing to efficient management of overhead costs and effective pricing mechanisms
  • Decline in USD Gross Profits were mitigated by lower central overheads as well as USD denominated transactions in the Cropping divisions

Related download

2021 September FY Results Presentation.pdf