There were 6 Stock Exchange News Services (SENS) announcements in week 46 on the LuSE; 1 from Metal Fabricators of Zambia (ZAMEFA); 2 from ZCCM Investment Holdings(ZCCM-IH) ; 2 from National Breweries (NATBREW) and 1 from Copperbelt Energy (CEC).
ZAMEFA;FULL YEAR TRADING STATEMENT
In accordance with the Lusaka Securities Exchange (“LuSE”) Listing Requirements, the Board of Directors of Zamefa (the “Board”) wishes to advise the Shareholders that for the financial year ended 30th September 2022, the basic earnings per share (“EPS”) and headline earnings per share (“HEPS”) are both expected to be more than 100% lower than the prior year.
ZCCM-IH ;ANNOUNCEMENT POSTPONEMENT OF AGM
The ZCCM-IH order of the board serves to inform the shareholders that the Company intends to postpone the 18th Annual General Meeting (“AGM”) that was initially scheduled to be held virtually and physically at Mulungushi International Conference Centre on Tuesday,15th November 2022 to Friday, 9 December 2022 at 10:00 hours at the same venue and virtually.
TRANSACTION ANNOUNCEMENT
The Board wishes to inform the shareholders and the market that ZCCM Investment Holdings has agreed to provide a Corporate Guarantee to Ecobank Plc (“Ecobank”) for the amount of USD15 million (the “Transaction”).
NATBREW;HALF YEAR TRADING STATEMENT AND ABRIDGED FINANCIALS
In accordance with the Lusaka Securities Exchange (“LuSE”) Listings Requirements, the Board of Directors of National Breweries Plc (“Natbrew” or “the Company”) hereby advises the Shareholders of the Company that the Loss Per Share for the half-year period ended 30th September 2022 is expected to increase by 330% compared to the corresponding period last year.The company recorded a reduction in revenue due to a product mix skewed towards lower value packs and a 66% increase in excise duty on its products. Margins were also eroded by the higher costs of distribution.
HALF YEAR TRADING STATEMENT AND ABRIDGED FINANCIALS
INTERIM FINANCIAL RESULTS
The Directors of National Breweries PLC (“Natbrew” or “the Company”) present the interim unaudited financial results for the period ended 30th September 2022.
COMMENTARY FOR THE PERIOD ENDED 30 SEPTEMBER 2022
The Company commenced implementation of its turnaround strategy at the beginning of 2022 following the relaxation of COVID-19 public health protocols which permitted longer trading hours and increased opportunities to activate our expanded product offerings. However, an increase in product prices following the upward adjustment of excise duty on opaque beer initially dented these initiatives. Nonetheless the Company expanded its depot footprint in strategic areas around the country and deployed its new packs to grow its market share of Traditional African Beer which remains very competitive.
CEC ; MARKET ANNOUNCEMENT
In accordance with Section 3.4(a) of the Lusaka Securities Exchange Listings Requirements (“LuSE Listings Requirements”), the Board of Directors of Copperbelt Energy Corporation PLC (“CEC” or “the Company”) informs shareholders of the Company, and the market, that CEC has, jointly with the other parties, entered into a Consent Judgment in the matter where Lumwana Mining Company Limited and other mining companies contested, by way of judicial review, the ERB’s upward revision of electricity tariffs in 2014.