ZAM has issued a positive trading statement in respect of the full year ended 30 September 2021, requiring upgrades to our FY expectations. This has largely been driven by stabilisation in the macro situation, appreciation of the Kwacha in H2 and increased consumer spending as a result of an economic stimulus package. We upgrade FY2021 revenues by c10%, EBIT by 11% and adjusted PBT by c65%. Our target price remains under review.
21 Oct 2021
Zambeef - Strong FY update – material upgrades
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Zambeef - Strong FY update – material upgrades
Zambeef Products PLC (ZAM:LON) | 0 0 0.0% | Mkt Cap: 23.0m
- Published:
21 Oct 2021 -
Author:
Michael Clifton | Cavendish Research -
Pages:
4
ZAM has issued a positive trading statement in respect of the full year ended 30 September 2021, requiring upgrades to our FY expectations. This has largely been driven by stabilisation in the macro situation, appreciation of the Kwacha in H2 and increased consumer spending as a result of an economic stimulus package. We upgrade FY2021 revenues by c10%, EBIT by 11% and adjusted PBT by c65%. Our target price remains under review.