Zambeef plans return to dividend

Argicultural business Zambeef said yesterday it plans to reinstate its dividend, as its profits before tax rose 20 per cent to $12.7m (£7.9m). Revenues rose 23 per cent to $255.1m. Profits after tax were hit by a $9m tax liability that the Zambia Revenue Authority (ZRA) is demanding, with a judgment on a pending appeal not sue until early next year. Zambeef said it plans to start paying meaningful dividends from 2014 onwards.