Zambeef has just released a brief trading update for the year ending 30 September 2019. The trading update highlights that the cropping business has outperformed expectations such that FY2019E adjusted PBT is likely to be c20% higher than our expectations. We are thus increasing our FY2019E adjusted PBT forecast from US$2.5m to US$3.0m. We are not changing our target price or future forecasts.
02 Oct 2019
Zambeef - Cropping exceeds expectations
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Zambeef - Cropping exceeds expectations
Zambeef Products PLC (ZAM:LON) | 5.8 0 0.0% | Mkt Cap: 23.0m
- Published:
02 Oct 2019 -
Author:
Michael Clifton | Cavendish Research -
Pages:
3
Zambeef has just released a brief trading update for the year ending 30 September 2019. The trading update highlights that the cropping business has outperformed expectations such that FY2019E adjusted PBT is likely to be c20% higher than our expectations. We are thus increasing our FY2019E adjusted PBT forecast from US$2.5m to US$3.0m. We are not changing our target price or future forecasts.