Misenge Environmental and Technical Services Limited (METS) reported a total revenue of K6.2 million for the year ended 31 March 2015 (2014: K2.1 million). Of the revenue, K3.3 million was realised from the recurring services to ZCCM-IH, K0.8 million was from the management of ZCCM-IH’s statutory and contractual obligation and K0.96 million was earned from other clients. The revenue generated from other clients was mainly from environmental consultancy services (59%), and from radiation consultancy services (36%) with the balance realised from analytical services. METS recorded a loss after tax of K0.6 million (2014: K3.4 million loss).
During the period under review, Misenge undertook the construction of a new Analytical Laboratory and the extension of the old laboratory in Kabwe. The new laboratory will provide expert chemical analyses of metals, water, radiation, blood, soil and other minerals. The budget for the construction and extension was K1.6 million. As at 31st March 2015, all major construction works were completed for the new laboratory. Additionally, all the lab equipment was purchased except for the fume and dust extractors that required an additional K0.75 million. The Misenge board approved the additional funding to expedite the installation of the new lab equipment.
There were no dividends declared during the year under review (2014: Nil).