Zambeef Product (GB:ZAM) has released an update.
Zambeef Products PLC reports a substantial increase in revenue and gross profit for the half-year ended March 31, 2024, despite challenging macroeconomic conditions with high inflation and exchange rate volatility. The company experienced a 22.6% rise in revenue and a 27.5% increase in gross profit in ZMW terms, while also marking a notable 93.9% improvement in operating profit. Amidst these financial gains, Zambeef remains committed to its strategic focus on core businesses and its $100 million expansion plans, while managing the impacts of an unstable Kwacha and ongoing investment adjustments.
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