Where we are

1.1 Farm Select was founded in 2017 and the financial data is as set out below

                              

           

                                                                               2019                 2020               2021

 

                                Gross Profit                      5,923,806        8,410,806        10,610,875

                                Net Profit After Tax           122,733        2,326,873           3,651,247

                                Current Assets                 5,930,149        5,262,903        17,927,892

                                Current Liabilities               329,814        2,052,451          1,868,147

                                Total Assets                    54,553,626      54,884,576        70,479,764

                                Total Liabilities              53,219,814      51,164,638         30,849,019

                                Convertible Loan Stock 52,890,000    49,112,187       28,980,872

                                Stock Inventory               1,564,822       4,580,962         17,447,167

                     

               Note : Covertible loan stock are interest free loans from directors/ shareholders.      

                      

1.2 In 2021 we sold 231,000 point-of –lay hens. And as at now we have a constructed capacity to produce and sell 492,000 annually to the Zambian and export markets. The rearing of pullets is done on the Katuba and Makeni farms.

 

1.3 From April,2022 Farm Select has Commenced expansion of egg production with the current capacity of 1350 trays a day.