Trading Statement on Abridged Half Year Financial Statements for 2022

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Download Trading Statement on Abridged Half Year Financial Statements for 2022

Trading Statement on Abridged Half Year Financial Statements for 2022

Published Date: 31st October 2022 File Size: 214.45 KB

In accordance with Section 3.4(b) of the Lusaka Securities Exchange (“LuSE”) Listings Requirements, the Board of Directors of ZCCM-Investments Holdings PLC (the “Company” or “ZCCM-IH”) hereby advises the Shareholders of the Company that the Earnings Per Share (“EPS”) for the Group and Company Unaudited Half Year Results for the period ended 30th June 2022 is expected to be approximately 270% lower and 481% higher respectively, than the Unaudited Half Year Results for the period ended 30th June 2021. The movement in EPS for the Group is primarily attributed to the losses recorded by the subsidiary Mopani Copper Mines PLC (“Mopani”), of ZMW2.1 billion (US$121 million) in the period; as Mopani accounted for 97% of the Group’s total revenue. While the movement in EPS for the Company is attributed to a 931% increase in revenue from ZMW121.2 million (US$5.4 million) to ZMW1.25 billion (US$72.9 million), resulting largely from a special dividend of ZMW770 million (US$ 43.5 million) from one of the investee companies, Kansanshi Mining PLC.