Business
Results for the Year Ended 30 September 2013
Results for the Year Ended 30 September 2013.
About this update from Zambeef Products Plc
[{"type":"text","content":"\n \nRNS Number : 7875T Zambeef Products PLC 25 November 2013 \n\n\n\n\n\nFor Immediate Release\n\n\n25 November 2013\n\n\n\n\n \n \n \nZambeef Products plc\n(\"Zambeef\" or the \"Group\")\n \nResults for the Year Ended 30 September 2013\n \nZambeef (AIM: ZAM), the fully integrated agri-business with operations in Zambia, Nigeria and Ghana, is pleased to announce its results for the year ended 30 September 2013.\n \nFinancial Key Points\n \n\n\n\n\nRevenue\n\n\nUp 18% to USD 300m\n\n\n(2012: USD 255m)\n\n\n\n\nGross Profit\n \n\n\nUp 10% to USD 104m\n \n\n\n(2012: USD 94m*)\n \n\n\n\n\nEBITDA\n \n\n\nDown 19% to USD 22m\n \n\n\n(2012: USD 27m*)\n \n\n\n\n\nAdjusted Pre Tax Profit \n \nNet Cashflow Before Financing \n \nGearing\n\n\nDown 63% to USD 6m+\n \nUSD 21m inflow^\n \n \n45%\n\n\n(2012: USD 15m*+)\n \n(2012: USD 54m outflow)\n \n \n(2012: 87%) \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n* excludes the USD9.7m provision for the tax assessment, of which USD6.7m was charged to cost of sales issued on Zamanita Ltd. (\"Zamanita\")\n+ adjusted to exclude unrealised foreign exchange differences\...