ZCCM IH expects to post a lower earnings per share when the company announces its audit accounts later this year.
“In accordance with Section 3.4(b) Lusaka Securities Exchange Listings Requirements, the Board of Directors of ZCCM-Investments Holdings hereby advises the Shareholders of the Company that the Earnings Per Share (“EPS”) for the financial year ended 31 March 2019 is expected to be approximately 45% lower than the financial year ended 31 March 2018”, read a statement from the company’s Company Secretary, Chabby Chabala issued on 29th August 2019 in Lusaka.
The investment company has struggled to inspire value growth in its lime and banking assets for some time now. “The movement in the EPS is primarily attributed to losses recorded by the subsidiaries namely Ndola Lime Company Limited and Investrust Bank Plc.”
Plant trouble has led to a perilous journey for the management team at Ndola lime. Competition and capitalisation has been the challenge for Investrust bank. In both investments, ZCCM IH has shown commitment to see the companies post positive earnings.
