Business
Interim results
Interim results.
About this update from Zambeef Products Plc
[{"type":"text","content":"\n \nRNS Number : 0328C Zambeef Products PLC 13 June 2019 \n\n \n13 June 2019 \n \nZambeef Products plc\n \n(\"Zambeef\" or the \"Group\")\n \nInterim results for the Half Year Ended 31 March 2019\n \n \nZambeef (AIM: ZAM), the integrated cold chain foods and retail business with operations in Zambia, Nigeria and Ghana, today announces its unaudited interim results for the six months ended 31 March 2019.\n \nKey Financial Highlights:\n\n\n\n\n \n\n\nUSD ('000)\nH1 2019\n\n\nUSD ('000)\nH1 2018\n\n\nZMW ('000)\nH1 2019\n\n\nZMW ('000)\nH1 2018\n\n\n \n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nRevenue\n\n\n118,833\n\n\n123,847\n\n\n1,416,490\n\n\n1,226,083\n\n\n \n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nGross Profit\n\n\n39,477 \n\n\n46,581\n\n\n470,570 \n\n\n461,152\n\n\n \n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nOperating Profit\n\n\n954 \n\n\n6,297\n\n\n11,377 \n\n\n62,337\n\n\n \n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\n(Loss) / Profit before tax\n\n\n(2,531) \n\n\n2,758\n\n\n(30,156) \n\n\n27,293 \n\n\n \n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\n(Loss) / Profit after tax\n\n\n(2,668) \n\n\n1,180\n\n\n(31,789)\n\n\n11,670 \n\n\n \n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nEBITDA\n\n\n6,846\n\n\n12,581\n\n\n 81,601\n\n\n124,552\n\n\n \n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nEBITDA Margin\n\n\n5.76%\n\n\n10.16%\n\n\n5.76%\n\n\n10.16%\n\n\n \n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nPerformance Overview \n \n· In a challenging environment, the group has delivered the following financial highlights: \no Revenue for the Group increased by 15.5% in Kwacha terms (down 4% in USD terms)\no Executed on the Group's strategic focus on stepping up the roll out of new stores across Zambia \no Improved margins and continued revenue growth since 31 March 2019\n \n·&...