National Breweries Plc (Zambia) – Trading statement for year ended 31 March 2022
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
Issued in Lusaka, Zambia on 06 June 2022
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National Breweries Plc (NATBRW.zm)Share price: 4.10 Kwacha (0.00 | 0.00% – 22/03/23)
Recent Documents & News
National Breweries Plc (NATBRW.zm) HY2023 Interim Report – November 23, 2022
Natbrew (Zambia) appointment of EY Zambia as the Company’s auditors – July 11, 2022
Natbrew (Zambia) – Change in Directorate – July 11, 2022
Corporate announcement, Earnings
Natbrew (Zambia) – FY22 volumes down 16%, spurred by decline of informal exports of Chibuku Super – June 9, 2022
National Breweries Plc (NATBRW.zm) 2022 Abridged Report – June 9, 2022