Metal Fabricators of Zambia Plc – HY2022 Trading statement

By Published On: May 23rd, 2022Categories: Corporate announcement

In accordance with the Lusaka Securities Exchange (“LuSE”) Listing Requirements, the Board of Directors of ZAMEFA (the “Board”) wishes to advise the Shareholders that for the half-year ended 31 March 2022 (“reporting period”) the basic loss per share (“LPS’) is expected to increase by between 43% and 63% from the corresponding period in the prior year for both the Group and for the Company (collectively the “Group”).

The increase in the LPS is primarily due to the effect of lower sales volumes experienced during the reporting period combined with the exchange losses resulting from the recent weakening of the ZMW against the USD.

The Group expects its results for the six-month period ended 31 March 2022 to be released on SENS and published in the local press on or about 20 May 2022. Accordingly, shareholders are advised to exercise caution when dealing in the Company’s securities until the publication of the results.

By Order of the Board

BDO Zambia Limited
COMPANY SECRETARIES
Issued in Lusaka, Zambia on 18 May 2022


Metal Fabricators of Zambia Plc. (ZAMEFA.zm)

Share price: 4.78 Kwacha (0.00 | 0.00% – 11/08/22)

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