Zambeef Products (LSE:ZAM) told investors that its not changing guidance provided last month, and said it expects sustained growth in Operating Profit through the remainder of the financial year.
The company says pressure on revenues in Kwacha has been offset by robust underlying operations and disciplined overhead management, transactional cost savings from the Kwacha’s appreciation at the turn of the calendar year, a reduction in Zambia’s Monetary Policy Rate (MPR) from 14.5% to 13.25%, and a stabilisation in electricity supply that reduced reliance on costly backup power.
Zambeef said it remains cautious about constrained consumer spending, the impact of geopolitical tensions in the Middle East on fuel and fertiliser costs, and potential localised disruption around August elections, and is repositioning its logistics and procurement frameworks to mitigate those external pressures.
