Zambeef has reported FY2020 interim results for the six-month period ending 31 March 2020. In what is a tough macro environment in Zambia, we believe that the company has delivered a strong performance, with underlying growth in revenue of +27% y-o-y (+9% in US$) and +31% y-o-y underlying growth in gross profit (+12% in US$). While customers are gravitating to lower-margin products, Stock Feed and Cropping have countered with a very good performance. We had largely anticipated these dynamics,
17 Jun 2020
Zambeef - Inline despite macro headwinds
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Zambeef - Inline despite macro headwinds
Zambeef Products PLC (ZAM:LON) | 5.8 0 0.0% | Mkt Cap: 23.0m
- Published:
17 Jun 2020 -
Author:
Michael Clifton | Cavendish Research -
Pages:
10
Zambeef has reported FY2020 interim results for the six-month period ending 31 March 2020. In what is a tough macro environment in Zambia, we believe that the company has delivered a strong performance, with underlying growth in revenue of +27% y-o-y (+9% in US$) and +31% y-o-y underlying growth in gross profit (+12% in US$). While customers are gravitating to lower-margin products, Stock Feed and Cropping have countered with a very good performance. We had largely anticipated these dynamics,