Zambeef’s 1H results are in line with expectations, with forecasts having been substantially reduced following the May trading update, when the company warned that PBT (Rpt.) is now expected to be 20% below previous market expectations. There is no further deterioration to expectations and Zambeef is cautiously optimistic for the medium-term outlook of the business. Investors should remain focused on the underlying growth of the business and the strategic progress made as Zambeef exits low-retur ....
