Zambeef has made a strong start to the year with all core businesses performing well, strong cash generation and a non-core business sold off, resulting in a much stronger balance sheet. The fly in the ointment is the weak Zambian Kwacha, which has resulted in US$7.6m of exchange losses in H1. This is clearly exceptional in nature and should not detract from the improvement in operating performance. We continue to believe that Zambeef is an excellent recovery story in very dynamic frontier ma
10 Jun 2015
Core divisions performing well
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Core divisions performing well
Zambeef Products PLC (ZAM:LON) | 5.8 0 0.0% | Mkt Cap: 23.0m
- Published:
10 Jun 2015 -
Author:
Cavendish Research - Pages:
Zambeef has made a strong start to the year with all core businesses performing well, strong cash generation and a non-core business sold off, resulting in a much stronger balance sheet. The fly in the ointment is the weak Zambian Kwacha, which has resulted in US$7.6m of exchange losses in H1. This is clearly exceptional in nature and should not detract from the improvement in operating performance. We continue to believe that Zambeef is an excellent recovery story in very dynamic frontier ma