News from African stock market traded companies
* Please select month and year together
Aug 7, 2024 –
What key factors contributed to the increased revenue of Metal Fabricators of Zambia Plc. in the period under review? The increased revenue of Metal Fabricators of Zambia Plc. was primarily driven by depreciation of the Zambian Kwacha against the USD, increased sales volumes, and an improved gross profit margin due […]
Articles | Zambia | Engineering
Aug 7, 2024 –
What key factors contributed to the increased revenue of Metal Fabricators of Zambia Plc. in the period under review? The increased revenue of Metal Fabricators of Zambia Plc. was primarily driven by depreciation of the Zambian Kwacha against the USD, increased sales volumes, and an improved gross profit margin due […]
Articles | Zambia | Engineering
Zambia Bata Shoe Company Plc (BATA.zm) Achieves 16.5% Revenue Growth, Profit Before Tax Soars by 51%
Aug 7, 2024 –
What has been the key driver of Zambia Bata Shoe Company’s increase in revenue and profit? The key driver for the increase in revenue and profit has been a strong focus on customer needs, with efficient product line planning, an optimized product mix, competitive pricing, and ensuring product availability. This […]
Articles | Zambia | Retail
Jul 22, 2024 –
What were the key funding and growth strategies planned by Zambian Breweries for 2023? Zambian Breweries’ key plan for 2023 was an $80 million capital expenditure strategy intended for the expansion of the Lusaka plant. The brewery is expected to double its capacity at this plant by the end of […]
Articles | Zambia | Beverages
Jul 8, 2024 –
What contributed to the increase in net revenue for BATZ.zm in 2023? The net revenue increase was primarily due to increased sales volume resulting from improved factory and distribution efficiencies.
Articles | Zambia | Agricultural
Jul 4, 2024 –
What has been the impact of the Insurance Act No. 38 of 2021 and IFRS17 on Zambia Reinsurance PLC’s performance in 2023? The introduction of the Insurance Act No. 38 of 2021 has modernized the insurance industry, enhancing compliance, risk management and leading to a risk-based approach to capital assessment […]
Articles | Zambia | Insurance
Jun 26, 2024 –
What were key drivers for Shoprite’s sales growth during this period? Sales growth was primarily driven by a successful Black Friday and festive season sales, reflecting positive customer growth and market share gains. Other factors include the Group’s commitment to price leadership and the successful acquisition and integration of select […]
Articles | Zambia | Retail
Apr 14, 2024 –
What was a major highlight from Zanaco Plc’s 2023 performance? One of the major highlights was the bank’s third consecutive year of exceeding the K1 billion Profit After Tax mark. It also noted a strong 2023 financial performance with a 47% increase in profits and a total asset base of […]
Articles | Zambia | Banking
Apr 11, 2024 –
What explains the decrease in the Corporation’s gross profit margin in 2023? The decrease in gross profit margin is mainly due to the increase in the cost of production, which was a result of the depreciation of the Kwacha against the major currencies.
Articles | Zambia | Agri-industrial
Apr 11, 2024 –
What were the key factors contributing to the Shoprite Group’s reported increase in sales? The substantial increase in sales for Shoprite Group can be attributed to various factors: a clear value proposition and continual store upgrades for Checkers and Checkers Hyper, the inclusion of 51 new stores from Massmart Holdings […]
Articles | Zambia | Retail