Zambian Breweries PLC
02 June 2006
Results for the year ended 31 March 2006
In accordance with the requirements of Rule 17 of the Securities (Registration of Securities) Rules, 1993, the Directors of Zambian Breweries Plc have pleasure in announcing the audited consolidated results of the Company and its subsidiaries for the year ended 31 March 2006.
All figures are stated in Zambian Kwacha Millions
| |
Audited
Year ended
31 March 06 |
Audited
Year ended
31 March 05 |
%
Change |
| Gross Turnover |
593 022 |
554 561 |
+6.94 |
| Value Added Tax on Sales |
113 175 |
103 096 |
+9.78 |
| Excise & Surtax |
126 931 |
123 349 |
+2.90 |
| Net Turnover |
352 916 |
328 116 |
+7.56 |
| Profit Before Taxation |
69 042 |
52 572 |
+31.33 |
| |
| Taxation |
28 352 |
23 354 |
+21.40 |
| Profit After Taxation |
40 690 |
29 218 |
+39.26 |
| |
| Earnings per share(Kwacha) |
111.78 |
80.27 |
+39.26 |
| Interim dividend per share(Kwacha) |
31.00 |
21.00 |
+47.62 |
| Final dividend per share(Kwacha) |
47.25 |
35.00 |
+35.00 |
| Total annual dividend per share(Kwacha) |
78.25 |
56.00 |
+39.73 |
Comments
1. The Directors are pleased to report that the company recorded a strong performance during the period with profit before tax increasing by 31.33%.
2. The landed costs of imported raw materials reduced in the second half of the year by virtue of the stronger Kwacha which, together with improved production efficiencies and tight cost control, were the main contributors to the year’s excellent performance.
3. There was no change in the number of shares in issue during the year and earnings per share grew by 39.26% to K111.78.
4. There were no exceptional movements affecting reserves.
5. A final dividend of K47.25 per share is recommended which will be paid on or around 21 July 2006. This will be paid to ordinary shareholders registered at close of business on 30 June 2006.
By order of the Board
E C Sekele
Company Secretary
17 May 2006