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Trading statements

Zambeef to report small full-year profit

28 September 2017 09:05

Zambeef, a cold chain foods producer and agribusiness with operations in Zambia, Nigeria and Ghana, said the impact of the fungal disease Septoria is not as widespread or extensive as originally thought.

In a trading update on 6 September 2017, it highlighted that during the early stage of harvesting the winter wheat crop, it appeared that yields would be well below expectations in the region of 20%.

Although the company still expects yields to be lower, this will instead be by approximately 10%.

In light of this, the group now expects to report a small profit for the year to 30 September 2017.

At 9:05am: (LON:ZAM) Zambeef Products PLC share price was +0.13p at 11.75p

Story provided by StockMarketWire.com

Related Company: ZAM

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