We have extracted the financial summary from the abridged report of Zambian Breweries Plc listed on the Lusaka Securities Exchange under the share code ZAMBRW.zm. Zambrew is a producer and distributor of soft drinks and various clear beers Zambia.
The following is an excerpt from the abridged report;
Our operating profit posted an amazing growth of 340% against prior year as a result of the strong revenue growth mentioned above, the exceptional earnings related to the proceeds from the sale of the soft drinks business, and comparison of one-off costs incurred last year (including voluntary separation payments, spares write-offs and bad debt provisions taken to align with AB InBev accounting policies).
On clear beer profitability, we finished on target with our budget, delivering an operational