In compliance with the requirements of the “Securities Act, Cap 354 of the Laws of Zambia” and the listing rules of the Lusaka Stock Exchange, ZCCM Investments Holdings Plc (ZCCMIH) announces the unaudited results for the six month period ended 30th September 2011.
The Group achieved a turnover of K891, 764 million during the six month period ended 30th September 2011 which was 212% above the turnover of K285,896 million for the six months to 30th September 2010. This was mainly as a result of a profit of K699, 137 million [proceeds of K802, 357 million (US$167,507 million) less cost of K103, 220 million] from the sale of shares in Equinox Minerals Limited. However, the turnover for Ndola Lime Company (NLC) at K105,254 million, declined 41% from that of the same period in 2010. This decrease was largely due to the shutdown of the rotary kiln on account of a breakdown of the Electrostatic Precipitator (ESP). With only the vertical kiln being operational, there was reduced production which in turn resulted in reduced turnover and cost of sales compared to that for the period ended 30th September 2010.
Download the full Directors’ interim summary for the six months ended 30 September 2011 below: