- Zambeef said it expects turnover and pre-tax profits for the six months to March 31, excluding the sale of 49% of Zamchick Limited, to be in line with management expectations.

"Driven by continued growth in the Zambian economy and the expansion in the Group's production facilities, carried out during the previous financial year, trading conditions over the first six months of the financial year have remained strong," Zambeef said.

"Demand for most product lines continues to increase, with particularly strong performances from cropping and stock feed," the company said in a trading statement.

The AIM-quoted company is a fully integrated agri-business with operations in Zambia, Nigeria and Ghana.

Meantime, the company said finance director Sushmit Maitra would leave the company on June 15, with Craig Harris appointed chief financial officer from that date.

At 9:01am: [LON:ZAM] share price was -0.5p at 53.5p

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