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Annual Report Summaries, Investee Companies

Mushe Milling Company Limited Extract from 2022 Annual Report

Mushe Milling Limited (MML) earned a total of ZMW 38.93 million in revenue for the year ended 31 December 2022 (2021: ZMW38.15 million). MML recorded a net loss of ZMW16.4 million (2021: ZMW48.14 million loss).  

The Company remained undercapitalised with a negative equity position and current liabilities in excess of ZMW6.5 million. Due to its consistent weak financial position, only minimal debt amounts could be settled by the Company during the period and operations were halted due to MML’s inability to purchase its own maize stock.  

There were no dividends declared during the period under review (2021: Nil).  

Subsequent to year end, was placed under liquidation.  

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