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Why is ZAM down 6.00%?
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ZAM:LON
ZAMBEEF PRODUCTS PLC
GBX 4.70
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-6.00%(-0.30) 1D
Oct 6, 8:33:04 AM GMT+1 · GBX
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Avg. vol.
17.67K
Volume
0.00
52-wk high
GBX 5.60
52-wk low
GBX 3.70
Shares outstanding
247.98M
No. of employees
7K
Avg. vol.
17.67K
Volume
0.00
52-wk high
GBX 5.60
52-wk low
GBX 3.70
Shares outstanding
247.98M
No. of employees
7K
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Profile
According to its website, Zambeef is the largest beef producer in Zambia. The company also provides feedlot services, and manufactures milk, chicken, eggs, leather and shoes. The company operates a fast food restaurant chain and a trucking company, including a fleet of refrigerated trucks. Zambeef grows crops, including wheat, maize, lucerne and soybeans, produces feed, and operates feed processing plants.
Its subsidiaries include Master Meats Production Company, of Nigeria. The company's export business is active, especially throughout southern Africa.
Zambeef also has a concessionary agreement with Shoprite to run all their butcheries.
'Zambeef claims to have a good Corporate social responsibility programme, since 2007 it has supported the African football social enterprise Alive & Kicking, giving it space on its Zamleather site as well as start up contributions.
Zambeef is listed on the Lusaka Stock Exchange with a market capitalisation of over US$70 million.
In July 2022, Zambeef signed a ZMW 570.0 million debt facility with the International Finance Corporation to partially fund its Mpongwe Farm expansion of US$ 100.0 million that the company announced in June 2022. Wikipedia
About ZAMBEEF PRODUCTS PLC