Message Jeu 2 Oct 2014 23:25

Zambian Weekly : ZCCM-IH to pay first dividends

ZCCM-IH to pay first dividends
Government’s investment arm, ZCCM-IH, has announced that it will pay dividends to its shareholders of K1.56 per share – for the first time ever. The payment will be divided between
government (controlling stake of 87.52% - equivalent to K220 million in dividends) and minority shareholders (12.48% - K31 million in dividends). In the financial year ended 31 March 2014, the company recorded a profit after tax of K277 million based on a turnover of K362 million, down from a profit of K762 million and a turnover of K654 million in 2013. Retained earnings as of 31 March 2014 were positive at K4.30 billion, compared to K4.02 billion last year. The financial year was marked by the company’s restructuring of its
balance sheet, when it converted debt to government of K1.83 billion into equity through a claw-back rights offer. It raised fresh capital of K260.76 million. ZCCM-IH holds interests
in Ndola Lime (100%), Misenge Environmental and Technical Services (100%), Mawe Exploration and Technical Services (100%), Nkandabwe Coal Mines – formerly Collum (100%), Kariba Minerals (50%), Maamba Collieries (35%), Konkola Copper Mines (20%),
Kansanshi Mining (20%), Copperbelt Energy Corporation (20%), Lubambe Copper Mines (20%), Luanshya Copper Mines (20%), NFC Africa Mining (15%), Chibuluma Mines (15%),
Investrust Bank (10.6%), Chambishi Metals (10%), Mopani Copper Mines (10%) and Nkana
Alloy Smelting Company (10%). ZCCM-IH will hold its AGM on 7 October.
Ce que l'on conçoit bien, s'énonce clairement, Et les mots pour le dire arrivent aisément. BOILEAU