Wednesday, 3 December 2008

Zambeef sales + 69%

Zambeef delivered yet another impessive turnover number, up by 69% to ZMK 493.7m The beef division contributed 32% to total gross profit. The Company buys young heifers and steers from commercial farmers throughout the Zambia which are fattened in feedlots for 90 days prior to slaughter. The division has continued to grow significantly both in terms of volumes and profit, and the Company has plans to make further investments in this area, which we support.

Zamchick Inns continues to perform extremely well. There is reason to believe that the profitability of this division will continue to grow as the number of Zamchick Inns increase.

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