Zambeef focused on expanding retail network as it posts strong margin growth
Автор: Proactive Investors
Загружено: 2018-12-04
Просмотров: 6276
Описание:
Francis Grogan, chief executive of Zambeef Products PLC (LON:ZAM), spoke to Proactive London's Andrew Scott following the recent release of the company's results for the year to September 2018.
''Zambeef's a retail chain with processing plants and farms attached it'', Grogan explains.
''We started off the business back in the early 90s with two retail shops ... Zambia was undergoing lots of change at the time, a very poor country ... but we've grown the business significantly''.
In the financial year just gone Zambeef saw its adjusted pre-tax profit increase to US$5.2mln - up from US$109,000 a year earlier.
Full-year revenue rose by 9.6% to US$280.3mln, up from US$255.8mln a year earlier, while its gross profit margin increased to 34.5%, up from 32.8%.
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