ZAMBIA – Zambeef Products PLC recently participated in the Zambia Institute of Marketing (ZIM) Sales Conference 2024, where the company focused on advancing customer service and recognizing industry excellence.
The event, which served as a platform for professional growth, provided Zambeef’s team with valuable opportunities for skill enhancement and the exchange of new ideas.
According to Zambeef, the conference underscored the importance of collaborative efforts in achieving superior customer service standards.
The company expressed pride in both its employees and customers, acknowledging their contributions to the company’s ongoing success.
The event also marked a celebration of exceptional professionals within the industry, further highlighting Zambeef’s commitment to fostering a culture of excellence in all areas of its operations.
This news comes as the company’s shares experienced a notable increase of 2.2% in value.
The shares reached a peak of GBX 6 (US$0.08) during the trading day, before closing slightly lower at GBX 5.75 (US$0.07).
This rise in share price occurred alongside a significant surge in trading activity, with approximately 581,785 shares changing hands.
This figure represents a substantial 422% increase compared to the stock’s average daily volume of 111,526 shares.
Before the recent uptick, Zambeef’s stock had closed at GBX 5.63 (US$0.07).
Analysts noted that Zambeef’s 50-day moving average is currently at GBX 5.73 (US$0.08), while its 200-day moving average stands at GBX 5.70 (US$0.07).
The company’s market capitalization is reported at £17.66 million (US$22 million), with a price-to-earnings ratio of 587.50 and a beta of -0.29, indicating lower volatility in comparison to the market.
The rise in share price followed the earlier release of Zambeef’s quarterly interim results, which indicated a projected 15% shortfall in revenue and gross profit for the fiscal year ending September 30, 2024, compared to market expectations.
The company is active in multiple agri-business sectors across Zambia, Nigeria, and Ghana – this includes meat, feed and agribusiness.
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