Zambia: Zambeef Foresees Higher Profits

ZAMBEEF Products Plc projects to record increased profits following recent macro-economic stability recorded in the country's economy.?Giving an update on the company's performance for the year ending September 30, 2014, Group chief executive Carl Irwin and Francis Grogan in a joint statement said the exchange rate returned to relative?stability, resulting in reduced foreign exchange losses for the company.

"We are pleased to say that following a difficult year in 2013, which continued into the first half of the current financial year, the macro economic backdrop experienced in Zambia recently has been stable and more helpful to Zambeef both operationally and financially and we are hopeful that this situation will continue into the 2015 financial year," Mr Irwin said.

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