ZAMBEEF releases 2010 annual report & results presentation
December 22nd, 2010
The Directors of Zambeef Products PLC have the pleasure in announcing the release of their 2010 annual report and results presentation of the Group for the full year ended 30 September 2010. Below is an extract from the 2010 annual report.
Chairman’s Report
Dear Shareholder,
I am pleased to report that the financial year ended 30 September 2010 has seen the Zambeef Group report satisfactory operating performance despite a weak global economy, low commodity prices for the major part of the year, volatility of the
Zambian Kwacha and other adverse operating conditions…
Human Capital
The group has employed an average of 3,800 employees per month with a monthly wage bill of ZMK 7bn. Zambeef has been able to attract and retain its workforce through good staff welfare and excellent communication channels with the Labour Union…
Strong Board of Directors
Zambeef’s Board of Directors come from a diverse and dynamic background leading to the highly effective management of the Group. As the Chairman, I take this opportunity to express my gratitude for the strategic support I have continued to receive from my co-Directors in a year where Zambeef strived to rise above all operational challenges being faced…
Effective Corporate Governance
Zambeef continues to maintain the highest standards of corporate governance with the Board’s commitment to ensuring adherence and compliance with all statutory and regulatory requirements which allows for reporting based on accountability, integrity and transparency…
Environmental & Social Responsibility
While the primary focus of our operations has been to ensure generation of returns on capital employed, the Zambeef mantra has strongly focussed on ensuring a commitment to embracing environmentally clean and efficient operations, balanced staff welfare programs, highest levels of safety at work, and adherence to all local requirements of the Environmental Council of Zambia…
Conclusion
It is pleasing to note that Zambeef has improved its performance from a difficult previous financial period while maintaining a strong foundation ably built through understanding the market we operate in and having the correct resources with which we continue to ‘feed the nation’…
To download the full 2010 annual report and full year results presentation for the year ended 30 September 2010 click on the links below.
