Last checked at 10 Jun 2016 07:30
SENS ANNOUNCEMENT
(the "Notice" or "Announcement")
ISSUER
ZCCM INVESTMENTS HOLDINGS PLC ("ZCCM-IH")
[Incorporated in the Republic of Zambia]
Company registration number: 771
Share Code: ZCCM-IH
ISIN: ZM0000000037
Authorised by: Chabby Chabala - Company Secretary
SPONSOR
Stockbrokers Zambia Limited
[Member of the Lusaka Securities Exchange]
[Regulated and licensed by the Securities and Exchange Commission of Zambia]
Contact Number: +260-211-232456
Website: www.sbz.com.zm
APPROVAL
The captioned Notice or Announcement has been approved by:
i. the Lusaka Securities Exchange
ii. the Securities and Exchange Commission
iii. Stockbrokers Zambia Limited
RISK WARNING
The Notice or Announcement contained herein contains information that may be of a price sensitive nature.
Investors are advised to seek the advice of their investment advisor, stockbroker, or any professional duly licensed by the Securities and Exchange Commission of Zambia to provide securities advice.
ISSUED: 3 June 2016
ZCCM INVESTMENTS HOLDINGS PLC
[Incorporated in the Republic of Zambia]
Company registration number: 771
Share Code: ZCCM-IH
ISIN: ZM0000000037
["ZCCM-IH" or "the Company"]
TRADING STATEMENT
In accordance with the Lusaka Stock Exchange Limited ("LuSE") Listings Requirements, the Board of Directors advises the Shareholders of ZCCM Investment Holdings PLC ("the Company") that for the interim period ended 30 September 2015, the basic earnings per share is expected to be 988% lower than those for the interim period ended 30 September 2014.
The decrease in profitability was largely due to the weak performance of major Associate companies as a result of continued reduction in copper prices coupled by an impairment expense recorded during the period. The price of copper reduced by 26% from US$6,748 per ton in September 2014 to US$ 4,970 per ton in September 2015.
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 its results for the interim period ended 30 September 2015 to be released via the LuSE SENS and published in the local press on or about 6 June 2016. Accordingly, shareholders are advised to exercise caution when dealing in the Company's securities until publication of the results.
Issued in Lusaka, Zambia on 3 June 2016
T | +260-211-232456
E | advisory@sbz.com.zm
W | www.sbz.com.zm
Stockbrokers Zambia Limited (SBZ) is a member of the Lusaka Stock Exchange and is regulated by the Securities and Exchange Commission of Zambia | |
First Issued on 3 June 2016 | |