National Breweries Plc (Zambia) – Trading statement for year ended 31 March 2022

By Published On: June 9th, 2022Categories: Corporate announcement, Earnings

National Breweries Plc ( Q42022 Interim Report

In accordance with the Lusaka Securities Exchange (“LuSE”) Listings Requirements, the Board of Directors of National Breweries Plc (“Natbrew” or “the Company”) hereby advises the Shareholders of the Company that the Loss Per Share for the year ended 31st March 2022 is expected to be 38% lower than the corresponding period last year.

The Company recorded a reduction in revenue largely as a result of the reduction in volumes. Further, margins were eroded by the high costs of discounts, production and distribution. However, the Kwacha strengthening resulted in an exchange gain on the revaluation of foreign currency liabilities. Consequently, the company posted a lower year-end operating loss than the previous year.

Shareholders are hereby advised that the information contained in this trading statement has not been reviewed nor reported on by the external auditors of the Company.

The Company expects its results for the year ended 31st March 2022 to be released on SENS on or about 7th June 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

Vongai Chiwaridzo
Company Secretary

Issued in Lusaka, Zambia on 06 June 2022

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