Zambeef revealed it was being tested by too much growth, rather than too little, boosted by soaring Zambian demand for higher-quality food which sent first-half profits soaring 53%.
The feedlot-to-edible oils group revealed that it had set up a committee of executive directors to "assist" chief executive Francis Grogan, and ensure the group keeps to its script in a period of growth presented by a booming Zambian economy, which has grown by an average of 6.4% over the last five years.
"With the demand for quality food products currently outstripping our ability to supply them, our biggest challenge, certainly in the short term, is not how to grow the business, but how to manage that growth," Jacob Mwanza, the Zambeef chairman, said.
Managers were "very determined to return Zambeef to being a large cash-generative business", after investments, centring around a $25m programme, swallowed up its working capital, Zambeef strategy and business development director Carl Irwin said.
"Next year, we will return to being a cash-generating business," Mr Irwin told Agrimoney.com.
Zambeef, which last year paid out an interim dividend of 15 Zambian kwacha ($0.32) per share, said that there would be no payout this time.
Zambeef - which is constructing chicken houses and an abattoir, expanding feed production capacity, upgrading its dairy processing facilities, and upgrading an oilseed crushing factory - had plenty of potential projects.
"We could be putting to the board projects which we feel have three years' pay back, on 10-year money. We could have projects cash generative from day one," Mr Irwin said.
The formation of the management committee was a sign of the group maturity's since its formation as a beef producer 18 years ago by Mr Irwin and chief executive Francis Grogan, whose early farming experience was gained in Ireland.
"This is certainly not a sign of a lack of confidence in the chief executive. Quite the opposite. It frees him to do things which if he were running everything himself might not be the case," non-executive director John Rabb said.
The comments followed the group's announcement of a 53% jump to $8.1m in underlying pre-tax profits in the October-to-March half, on revenues up 32% at E127.6m.
Gross profits in beef soared 32% to $9.52m, boosted by a move upmarket by Zambian's increasingly wealthy consumers to more expensive cuts, as well as by increased volumes.
The group slaughtered 10,800 animals in the half from its feedlots, up from 14,000 in the whole of the last financial year.
In cropping, gross profit jumped from $741,000 to $8.50m, spurred by farm acquisitions despite stronger-than-expected yields.
The results were welcomed by Panmure Gordon analyst Damian McNeela as "comfortably ahead of our expectations", flagging "strong demand across the majority of its divisions and good cost control".
"Zambeef's strong position in Zambian agribusiness… and the strong fundamental growth drivers of the Zambian consumer market, underpin our forecasts for earnings per share to almost treble between 2011 and 2014," Mr McNeela said, restating a "buy" recommendation on the group's shares, with a price target of 45p.
The shares stood 3.9% higher at 34p in lunchtime deals in London.