2017 Highlights

January 30th, 2017

    • Record performance from the Stock Feed division which was the top performing division within the Group, with EBITDA up 20% in ZMW (37% in USD).
    • Core Cold Chain Food Products and Retailing divisions posted good operational results, with EBITDA (consolidated) up 55.7% in ZMW (77.1% in USD).
    • The Retailing division continues to perform well, with turnover up 27.3% in ZMW (44.9% in USD).
    • Continued implementation of market-driven retail strategy – movement away from traditional butcheries and continued rollout of spacious, secure Macro outlets. 10 Macro stores opened in FY2017 (now 19 Macros in total).
    • Expansion of total retail network from 171 to 195.
    • Commissioning of USD 30 million hatchery and 11,000 M.T. per month capacity stock feed mill at Mpongwe farm.
    • Commissioning of USD 1.2 million rotary milking parlour at Kalundu Dairy Farm to improve efficiency.
    • Agreement reached to sell 90% stake in Zampalm to the Industrial Development Corporation (IDC) for USD 16 million.

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