Zaffico records K430m profits
Published On September 5, 2022 » 1473 Views» By Times Reporter » Business, Stories
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By KENNEDY MUPESENI-
ZAFFICO Plc has recorded a profit after tax of K428.71 million in the first half ended June 30,2022 compared to K52.10 million for the same period in 2021 largely driven by the K594.85 million gains in value of the biological assets.
Acting Corporation Secretary Mulawo Mwaba said in the market update that total sales amounted to K135.12 million in the period under review compared to K177.89 million in the same period of 2021.
“The delayed commencement of round wood sale as well as deferment by some customers in the purchase of round wood during the first half of the year negatively impacted the sales revenue,” Mr Mwaba said.

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