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Zambeef announces annual report and upcoming AGM

Published 12/16/2024, 08:39 AM
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LUSAKA - Zambeef Products PLC (AIM: ZAM), a major player in the cold chain food products and agribusiness sector, has made its Annual Report and Accounts for the fiscal year ending on September 30, 2024, available for shareholders. The report, which details the company's performance and financials, can be accessed on Zambeef's website and will also be distributed in electronic and hard copy formats to registered shareholders starting today.

The company also announced that its Annual General Meeting (AGM) is scheduled to take place virtually on Monday, December 30, 2024, at 10:00 am Central Africa Time (CAT). Shareholders have been provided with instructions on how to attend the meeting virtually in the Notice of AGM.

Zambeef operates extensively in Zambia, Nigeria, and Ghana, and is recognized as the largest integrated cold chain food products and agribusiness company in Zambia and one of the largest in the region. The company boasts a wide range of operations from primary production to processing, distribution, and retailing of various food products including beef, chicken, pork, milk, dairy products, fish, flour, and stockfeed.

With 236 retail outlets spread across Zambia and West Africa, Zambeef plays a significant role in the food supply chain in these regions. The company's capacity for food production is substantial, with facilities capable of slaughtering 230,000 cattle, 10.6 million broilers, and 75,000 pigs annually. Additionally, Zambeef operates a dairy that can process up to 120,000 liters of milk per day.

The agribusiness aspect of Zambeef is equally robust, with approximately 7,787 hectares of irrigated row crops and an additional 8,694 hectares of rainfed/dry-land crops, facilitating twice-yearly plantings.

This announcement is based on a press release statement and provides shareholders and interested parties with the necessary information to engage with the company's recent developments and forthcoming AGM.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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