DIRECTORS' HALF YEARLY SUMMARY period ended 31st dec 2009

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jbd48

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Message Lun 12 Avr 2010 16:52

DIRECTORS' HALF YEARLY SUMMARY period ended 31st dec 2009

Company ZCCM Invs.Hldgs PLC
TIDM ZCC
Headline Half Yearly Report - Released 15:46 12-Apr-2010 - Number 0541K15

RNS Number : 0541K
ZCCM Invs.Hldgs PLC - 12 April 2010

ZCCM Investments Holdings Plc - Incorporated in the Republic of Zambia

ZCCM INVESTMENTS HOLDINGS Plc
And its subsidiaries
DIRECTORS' HALF YEARLY SUMMARY
For the period ended 31st December 2009

In compliance with the requirements of the Securities Act, Cap 354 of the Laws of Zambia, the Securities [Registration of Securities] Rules, 1993, and the Listing Rules of the Lusaka Stock Exchange, ZCCM Investments Holdings Plc announces the unaudited results for the half year ended 31 December 2009.

The Group achieved a turnover of K105, 679 million during the six month period ended 31 December 2009 which was 18% below the turnover of K128, 319 million for the six months to 31 December 2008.

This reduction was mainly on account of the negative effects of the world economic crisis which resulted in a drop in demand for base metals. As a result no Price Participation payment (Deferred Consideration) was received during the period under review compared to K25, 390 million for the six months to December 2008. The conditions triggering a Price Participation payment by the Investee Company, Konkola Copper Mines Plc (KCM) were not met and the other Investee Company, Chambishi Metals Plc was under care and maintenance during the period under review.

There were coal sales for the period to 31 December 2009 of K8, 585 million from Maamba Collieries Limited (MCL) following the commencement of coal production in April 2009, after a partial rehabilitation of the mine, as compared to the period to 31 December 2008 when there were no sales. Ndola Lime Company (NLC) turnover of K75, 383 million during the period ended 31 December 2009 was 6% below that of K79, 956 million for the corresponding period to 31 December 2008.

The cost of turnover increased to K115, 468 million for the period to 31 December 2009 from K60, 992 million for the corresponding period to December 2008. This was largely due to cost of sales of K41, 935 million arising from the increase in mine development costs at MCL during the period under review compared to 31 December 2008 when there were no production costs.

The appreciation of the Kwacha against the United States Dollar in the period under review resulted in a retained profit of K92, 492 million compared to a loss of K272, 459 million for the period to December 2008. This was attributable to the Kwacha appreciating against the US$ from K5, 194.29 as of 1st July 2009 to K4, 651.88 as of 31 December 2009 resulting in an exchange gain of K114, 726 million (after the translation of foreign denominated liabilities) for the period to 31 December 2009 compared to an exchange loss of K308, 617 million for the period to 31 December 2008.

By Order of the Board
C Chabala
Acting Company Secretary
30 March 2010

ZCCM INVESTMENTS HOLDINGS PLC
And Subsidiaries
GROUP PROFIT/( LOSS) ACCOUNT AS AT 31 DECEMBER 2009













SIX MONTHS ENDED 31 DECEMBER 2009 Consolidated K' millionSIX MONTHS ENDED 31 DECEMBER 2008 Consolidated K' million
Turnover105,679128,319
Cost of turnover(115,468)(60,922)
Operating profit/(loss)(9,789)67,397
Exchange gain/(loss)114,726(308,617)
Environmental expenses(18,084)(8,123)
Rehabilitation works-(18,016)
Interest charge(3,420)(1,856)
Royalty on minerals(1,565)(1,574)
Other income11,534-
Profit/(loss) before taxation93,402(270,789)
Income tax(910)(1,670)
Retained profit/(loss)92,492(272,459)
Dernière édition par jbd48 le Mar 13 Avr 2010 00:19, édité 1 fois.
Ah c'qu'elle est courue, la pêche, la pêche, ah c'qu'elle est courue, la pêche à la morue.
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jbd48

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Inscription: Mer 2 Sep 2009 08:11

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Message Lun 12 Avr 2010 16:52

Re: DIRECTORS' HALF YEARLY SUMMARY period ended 31st dec 2009

Rien de bien neuf ni de bien intéressant...
Ah c'qu'elle est courue, la pêche, la pêche, ah c'qu'elle est courue, la pêche à la morue.
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bingogo

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Inscription: Jeu 30 Juil 2009 16:48

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Message Lun 12 Avr 2010 17:01

Re: DIRECTORS' HALF YEARLY SUMMARY period ended 31st dec 2009

plus rapide que moi !

merci jdb48

rien de neuf com d'hab sur les semestriels

il faut demander à gmolins où sont les résultats qui devaient être publiés en même temps ! lol
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jbd48

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Message Mar 13 Avr 2010 00:23

Re: DIRECTORS' HALF YEARLY SUMMARY period ended 31st dec 2009

Edition rapide pour rendre le document lisible (je l'avais copié-collé comme un malpropre)
Ah c'qu'elle est courue, la pêche, la pêche, ah c'qu'elle est courue, la pêche à la morue.
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LesCrozes

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Inscription: Jeu 14 Mai 2009 16:23

Message Mar 13 Avr 2010 00:34

Re: DIRECTORS' HALF YEARLY SUMMARY period ended 31st dec 2009

merci jbd pour le soin que tu as apporté à la présentation des chiffres sous forme de tableau.
Il est de ce fait bien plus agréable à lire.
Ce que l'on conçoit bien, s'énonce clairement, Et les mots pour le dire arrivent aisément. BOILEAU
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cphil31

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Inscription: Ven 18 Sep 2009 07:43

Message Mar 13 Avr 2010 23:23

Re: DIRECTORS' HALF YEARLY SUMMARY period ended 31st dec 2009

Ce qu'il y a de rassurant, c'est que les semestriels sortent avec une régularité d'horloge, ce qui prouve bien que les problèmes pour sortir les bilans sont externes, qu'ils ne sont pas de la volonté de ZCCM-IH, mais des difficultés qu'elle a à obtenir les données de ses participations.
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Laf1986

Messages: 5233

Inscription: Jeu 30 Juil 2009 19:54

Message Mar 13 Avr 2010 23:33

Re: DIRECTORS' HALF YEARLY SUMMARY period ended 31st dec 2009

je trouve ca quant meme long pour du non audité
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olive42

Messages: 114

Inscription: Sam 26 Sep 2009 21:19

Message Lun 19 Avr 2010 11:07

Re: DIRECTORS' HALF YEARLY SUMMARY period ended 31st dec 2009

Quelqu'un aurait-il pris le soin de sauvegarder le post de JL su Bourso ?

Ses commentaires me semblaient à la fois complets et synthétiques et nous aurions pu les reprendre en pointant les éventuels points de divergence dans l'analyse.

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