On 30 August 2022, Chilanga Cement issued a statement advising shareholders that it expected the earnings per share for HY 2022 to be 45% higher than the same period, the year prior.
In accordance with the Lusaka Securities Exchange (“LuSE”) Listings Requirements, the Board of Directors of Chilanga Cement Plc (the “Company”) hereby advises the Shareholders of the Company that the Earnings Per Share (“EPS”) for the half-year ended 30th June 2022 is expected to be approximately 45% higher than for the half-year ended 30th June 2021.
This increase in EPS is attributed to a 45% increase in profit after tax arising from a reduction in operating costs. The stable currency during the period compared to 2021 mitigated the impact of fuel increases.
Shareholders are advised that the information contained in this Trading Statement has not been reviewed nor reported on by the external auditors of the Company.
The Company expects its results for the half-year ended 30th June 2022 to be released on SENS and published in the local press on or about 31 August 2022. Accordingly, shareholders are advised to exercise caution when dealing in the Company’s Securities until the publication of the results.
