Business
Correction: Full-Year Results & Notice of AGM
Correction: Full-Year Results & Notice of AGM.
About this update from Zambeef Products Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 3144H\n Zambeef Products PLC\n 02 December 2020\n \n \n \n \n The following amendment has been made to the 'Full-Year Results and Notice of AGM' announcement released on 2 December 2020 at 8:31am under RNS No 2504H.\n \n \n \n “The Group’s AGM will be held on the 24th of December 2020 via Zoom at 10.00am (Zambian time).”\n \n \n \n All other details remain unchanged.\n \n \n \n The full amended text is shown below.\n \n \n \n 2nd December 2020\n \n \n \n \n Zambeef Products plc\n \n \n (\"Zambeef\" or the \"Group\")\n \n \n Full-year results for the year ended 30 September 2020 and Notice of AGM\n \n Zambeef (AIM: ZAM), the fully integrated cold chain foods and retail business with operations in Zambia, Nigeria and Ghana, today announces its audited results for the year ended 30 September 2020.\n \n \n Financial Highlights\n \n \n \n \n \n \n Figures in 000's\n \n \n \n \n \n \n \n 2020\n \n \n \n \n 2019\n \n \n \n \n %\n \n \n \n \n \n \n \n 2020\n \n \n \n \n 2019\n \n \n \n \n %\n \n \n \n \n \n \n \n \n \n \n \n \n ZMW\n \n \n \n \n ZMW\n \n \n \n \n \n \n \n USD\n \n \n \n \n USD\n \n \n \n \n \n \n Revenue\n \n \n \n \n \n \n \n 3,875,104\n \n \n \n \n 3,134,967\n \n \n \n \n 23.6%\n \n \n \n \n \n \n \n 239,648\n \n \n \n \n 254,462\n \n \n \n \n -5.9%\n \n \n \n \n \n \n Cost of sales\n \n \n \n \n \n \n \n (2,659,482)\n \n \n \n \n (2,053,420)\n \n \n \n \n 29.5%\n \n \n \n \n \n \n \n (164,470)\n \n \n \n \n (166,674)\n \n \n \n \n -1.3%\n \n \n \n \n \n \n Gross profit\n \n \n \n \n \n \n \n 1,215,622\n \n \n \n \n 1,081,547\n \n \n \n \n 12.4%\n \n \n \n \n \n \n \n 75,178\n \n \n \n \n 87,788\n \n \n \n \n -14.4%\n \n \n \n \n \n \n Administrative expenses\n \n \n \n \n \n \n \n (1,005,091)\n \n \n \n \n (920,338)\n \n \n \n \n 9.2%\n \n \n \n \n \n \n \n (62,158)\n \n \n \n \n (74,703)\n \n \n \n \n -16.8%\n \n \n \n \n \n \n Operating profit\n \n \n \n \n \n \n \n 210,531\n \n \n \n \n 161,209\n \n \n \n \n 30.6%\n \n \n \n \n \n \n \n 13,020\n \n \n \n \n 13,085\n \n \n \n \n -0.5%\n \n \n \n \n \n \n Finance costs\n \n \n \n \n \n \n \n (92,322)\n \n \n \n \n (82,790)\n \n \n \n \n 11.5%\n \n \n \n \n \n \n \n (5,70...