ZCCM IH forecasts 32% and 242% low and high for Group and Company earnings for 2019
Finance, ZCCM-Investment Holdings Plc

ZCCM IH has released the following SENS announcement regarding its financial results for 2019. 

In accordance with Section 3.4(b) 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 for the nine-month financial period ended 31 December 2019 is expected to be approximately 32% lower and 242% higher respectively, than the financial year ended 31 March 2019.

The movement in EPS for the Group is primarily attributed to the reduction of ZMW553 million in share of profit from investee companies coupled with loss recognised from investments held for sale of ZMW74 million. On the other hand, the movement in ESP for the company is attributed to a reduction in administration expenses and impairment of financial assets recognised at fair value through profit or loss.

Shareholders are advised that the information contained in this trading statement has not been reviewed or reported on by the external auditors of the Company. The Company expects to release its abridged audited Financial Results for the nine-month period ended 31 December 2019 on Securities Exchange News Services (“SENS”) and published in the local  press on or about 14 June 2021. Accordingly, shareholders are advised to exercise caution when dealing in the Company’s securities until publication of the results”.

By Order of the Board
Chabby Chabala
Company Secretary
Issued in Lusaka, Zambia on 11 June 2021

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