Zambeef Products Plc announced unaudited consolidated earnings results for the six month ended March 31, 2016. For the six months, the company reported revenue of USD 98,820,000 against USD 102,138,000 a year ago. Operating profit was USD 13,683,000 against USD 7,957,000 a year ago. Profit before taxation was USD 9,740,000 against loss of USD 3,789,000 a year ago. Group profit for the period from continued operations was USD 8,962,000 against loss of USD 4,384,000 a year ago. Group profit attributable to equity holders of the parent were USD 7,955,000 against loss of USD 3,780,000 a year ago. Basic and diluted earnings per share from continued operations were 3.21 cents against loss of 1.94 cents a year ago. Net cash inflow from operating activities was USD 7,740,000 against USD 26,036,000 a year ago. Purchase of property, plant and equipment was USD 6,831,000 against USD 18,425,000 a year ago. Expenditure on plantation development was USD 574,000 against USD 1,402,000 a year ago. EBITDA was USD 15.45 million against USD 11.64 million a year ago. Adjusted profit before tax was USD 8.44 million against USD 0.31 million a year ago.

With the strong focus on the retailing operations, the company is confident that this robust performance will continue, demonstrating the resilience of the Group's business model. As a consequence of this strong operational performance, the Board is confident of meeting full year expectations for fiscal 2016.