
02 Dec 2020
Zambeef - FY results: remarkable operational robustness
Zambeef has reported FY2020 full year results for year ended September 2020. In what has been a tumultuous period for the Zambian economy (low growth, high inflation, very weak currency and drought), Zambeef has delivered a very good set of results demonstrating operational robustness, an ability to implement inflationary price increases and improve working capital management. Despite further expectations of FX weakness and an ongoing tricky macro situation, we have only made minor adjustments t ....

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Zambeef - FY results: remarkable operational robustness
Zambeef Products PLC (ZAM:LON) | 4.0 0 1.3% | Mkt Cap: 16.0m
- Published:
02 Dec 2020 -
Author:
Michael Clifton | Cavendish Research -
Pages:
11 -
Zambeef has reported FY2020 full year results for year ended September 2020. In what has been a tumultuous period for the Zambian economy (low growth, high inflation, very weak currency and drought), Zambeef has delivered a very good set of results demonstrating operational robustness, an ability to implement inflationary price increases and improve working capital management. Despite further expectations of FX weakness and an ongoing tricky macro situation, we have only made minor adjustments t ....