Zambeef Products PLC has released a trading statement, indicating a significant increase in Total Basic Earnings per Share for the financial half-year ended 31 March 2024 compared to the corresponding period in 2023. The company attributes this growth to resilient demand for its products and strategic initiatives, including optimized pricing across all divisions, which helped mitigate the impact of rising input and overhead costs.
Despite facing sustained macro-economic pressures and the impact of the worst drought ever recorded, Zambeef remains confident in its vertically integrated model as a safeguard against these challenges. The company aims to stimulate sales volumes by focusing on affordability and mitigate the effects of any adverse market conditions.
Zambeef anticipates that Zambia's macroeconomic environment will stabilize in the medium term, bolstered by enhanced investor confidence following the successful resolution with the country’s international bondholders regarding debt restructuring.
Zambeef Products PLC is the largest integrated cold chain food products and agribusiness company in Zambia and one of the largest in the region, involved in the primary production, processing, distribution, and retailing of various food products throughout Zambia, West Africa, Nigeria, and Ghana. The company operates 236 retail outlets and is a major supplier of beef, chicken, pork, milk, dairy products, fish, flour, and stockfeed.
The company's operations include beef abattoirs, feedlots, chicken production, piggeries, pig abattoirs, pork processing plants, and dairy facilities. Additionally, Zambeef is one of the largest cereal row cropping operations in Zambia, with significant hectares of row crops under irrigation and rainfed/dry-land crops available for planting each year.
For further information, interested parties can visit the company's website or contact the provided representatives. Zambeef Products PLC continues to demonstrate resilience and growth in the face of challenging market conditions, positioning itself as a key player in the food products and agribusiness sector in the region.