Metal Fabricators of Zambia Plc – Trading Statement

By Published On: November 15th, 2022Categories: Corporate announcement, Earnings

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 financial year ended 30th September 2022, the basic earnings per share (“EPS”) and headline earnings per share (“HEPS”) are both expected to be more than 100% lower than the prior year.

The decrease in the EPS and HEPS is primarily due to:

  • a decrease in volumes sold in the 2022 financial year, and
  • foreign currency exchange gains recorded in the prior year which did not repeat in the 2022 financial year.

The Company expects its results for the year ended 30th September 2022 to be released on SENS and published in the local press on or about 18th November 2022. Accordingly, shareholders are advised to exercise caution when dealing in the Company’s securities until publication of the results.

By Order of the Board
BDO Zambia Limited
Issued in Lusaka, Zambia on 14 November 2022

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