- Zambeef expects turnover, operating profit and adjusted profit before tax to be ahead of market forecasts in both Zambian Kwacha and US Dollars.

It added that forex moves continued to have an unavoidable impact on the group's results in US-dollar terms.

"This improvement has been driven by a robust performance in the first six months of the financial year, with the key business divisions of cold chain food product retailing, stock feed and farming all continuing the strong trading seen in 2015," it said.

"The group's strategic focus remains on expanding and developing the retailing and distribution of the cold chain food product business, as well as looking at opportunities to unlock further capital from within the business," it said in a statement.

Story provided by