In accordance with the Lusaka Securities Exchange (“LuSE”) Listings Requirements, the Board of Directors of the Company wishes to advise the Shareholders ofthe Company that the Earnings Per Share (“EPS”) for the year ended 31 March 2016 is expected to be approximately 195% lower than that for the year ended 31 March 2015.
The decline in earnings is mainly attributed to the underperformance of the mining sector resulting from the low global copper prices coupled with low production.
Shareholders are advised that the information contained in this Trading Statement has not been reviewed nor reported on by the external auditors of the Company.
The Company expects its results for the year ended 31 March 2016 to be released on SENS and published in the local press on or about 13 June 2017. Accordingly, shareholders are advised to exercise caution when dealing in the Company’s Securities until publication of the results.
By order of the Board of Directors
Company Secretary and Chief Corporate Services Officer
Issued in Lusaka, Zambia on 12 June, 2017
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First Issued on 12 June 2017