ZCCM-IH CAUTIONARY ANNOUNCEMENT
Shareholders of ZCCM Investments Holdings Plc (“ZCCM-IH”) are referred to the announcements dated 23 May 2019 and subsequent announcements, concerning the filing by ZCCM-IH of a petition in the High Court of Zambia for the winding up of Konkola Copper Mines PLC (“KCM”) on 21 May 2019 (the “Petition”).
On 7 September 2022, ZCCM-IH, Vedanta Resources Limited, Vedanta Resources Holdings Limited (“Vedanta”), and KCM’s Provisional Liquidator entered into a written agreement to suspend the hearing of the disputes between them to pursue amicable settlement of the disputes.
ZANACO TRADING STATEMENT
The Board of Directors of Zambia National Commercial Bank Plc (“the Board”) wishes to advise the Shareholders that for the period ended 30th June 2023, the basic earnings per share is expected to be 109% higher than that of the corresponding period last year for the Group and 104% for the Bank.
The increase in profitability in the first six months to 30th June 2023 is primarily attributed to the growth in income earned on Government Securities, increase in trading income, increase in income on fees and commissions, and lower credit impairments due to the prudent and proactive credit practices implemented by the Group. This strong performance is further supported by a resilient balance sheet funded by the growth in customer deposits.
CHILANGA CEMENT PLC UNAUDITED RESULTS FOR THE YEAR ENDED 30 JUNE 2023
In compliance with the requirements of the Securities Act No.41 of 2016 of the Laws of Zambia and the Listing Rules of the Lusaka Securities Exchange (“LuSE”), Chilanga Cement Plc. announces the unaudited results for the year ended 30 JUNE 2023.
Half Year Key Figures
● Sales revenue at ZMW885 million for the period up by 10% compared to 2022.
● Profit before tax at ZMW110 million compared to ZMW134 million in 2022.
● Cash generation of ZMW270 million compared to ZMW98 million in 2022.
AIRTEL CHANGE IN DIRECTORATE
Pursuant to section 3.59 of the LuSE Listing Requirements, the Board of Directors of Airtel Networks Zambia Plc (“Airtel” or the “Company”) wishes to announce the resignation of Manu Sood as Managing Director of the Company effective 6 September 2023. Furthermore, the Board would like to announce the appointment of Hussameldin Baday as Interim Managing Director.
STANDARD CHARTERED BANK CHANGE IN DIRECTORATE
Pursuant to section 3.59 of the LuSE Listing Requirements, the Board of Directors of Standard Chartered Bank Zambia Plc (“Standard Chartered” or the “Company”) wishes to announce the retirement of Dr. Caleb Mailoni Fundanga from the Board of Standard Chartered Bank Zambia Plc effective 31 March 2023.
The Board would like to express appreciation to Dr. Caleb Mailoni Fundanga for his valued contribution to the Company during his tenure as a Director and wishes him well in his future endeavours.
PUMA -CHANGE IN DIRECTORATE
Pursuant to section 3.59 of the LuSE Listing Requirements, the Board of Directors of Puma Energy Zambia Plc (“PUMA” or the “Company”) wishes to announce the resignation of Mr. Fadi Witold Mitri as Director of the board effective 6 September 2023 and the appointment of Mr. Laurent Stéphane Symolon effective 6 September 2023.
