By BUUMBA CHIMBULUZAMBEEF Products Plc has generated an operating profit of K299.3 million for financial year ended September 30 this year compared to K212.1 million in the prior year.This includes income from asset held for sale.The operating profit, excluding profit from asset held for sale, was K267.3 million compared to K210.5 million achieved in the previous financial year.This is according to the financial results for the year ended September 30, 2021 posted on the Lusaka Security Exchange (LuSE).It indicated that profit before tax was K203.9 million compared to a loss before tax of K22.7 million recorded in the previous financial year.“The Group’s performance in the face of headwinds illustrates the strength of our vertically integrated business model, the strength of our brands and a good management team,” it stated.The report indicated that macroeconomic fundamentals remained relatively stable during the financial year in the context of the previous period.It stated that the local currency depreciated at […]
ZAMBEEF RECORDS OVER K200 MILLION OPERATING PROFIT
