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ZCC Zccm Investments Holdings Plc

1.6344
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Zccm Investments Holdings Plc LSE:ZCC London Ordinary Share ZM0000000037 'B' ORD ZMK10
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1.6344 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Copper Ores 11.96B -3.76B -23.3801 -0.07 262.1M

ZCCM Invs.Hldgs PLC ZCCM - IH 2015 Final Results (9406T)

01/04/2016 2:30pm

UK Regulatory


Zccm Investments (LSE:ZCC)
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TIDMZCC

RNS Number : 9406T

ZCCM Invs.Hldgs PLC

01 April 2016

SENS ANNOUNCEMENT

(the "Notice" or "Announcement")

ISSUER

ZCCM INVESTMENTS HOLDINGS PLC ("ZCCM-IH")

[Incorporated in the Republic of Zambia]

   Company registration number:        771 
   Share Code:                                           ZCCM-IH 
   ISIN:                                                       ZM0000000037 
   Authorised by:                                     Chabby Chabala - Company Secretary 

SPONSOR

Stockbrokers Zambia Limited

[Member of the Lusaka Stock Exchange]

[Regulated and licensed by the Securities and Exchange Commission of Zambia]

   Contact Number:                 +260-211-232456 
   Website:                                                www.sbz.com.zm 

APPROVAL

The captioned Notice or Announcement has been approved by:

   i.      the Lusaka Stock Exchange 
   ii.    the Securities and Exchange Commission 
   iii.   Stockbrokers Zambia Limited 

RISK WARNING

The Notice or Announcement contained herein contains information that may be of a price sensitive nature.

Investors are advised to seek the advice of their investment advisor, stockbroker, or any professional duly licensed by the Securities and Exchange Commission of Zambia to provide securities advice.

ISSUED: 31 March 2016

ZCCM INVESTMENTS HOLDINGS PLC

[Incorporated in the Republic of Zambia]

Company registration number: 771

Share Code: ZCCM-IH

ISIN: ZM0000000037

["ZCCM-IH" or "the Company"]

In compliance with the requirements of the Securities (Registration of Securities) Rules, 1993 and the Lusaka Stock Exchange Listing Requirements, the Board of Directors of ZCCM Investments Holdings (ZCCM-IH) announces the audited results of the Company for year ended 31(st) March 2015.

 
                                                    2015      2014 
 SUMMARY OF CONSOLIDATED STATEMENT 
  OF PROFIT OR LOSS & OTHER COMPREHENSIVE 
  INCOME FOR THE YEAR ENDED 31 
  MARCH 2015                                     ZMW'000   ZMW'000 
 
                                                             1 000 
 Revenue                                         241 989       538 
                                                  (2 179       871 
 Operating (loss)/profit                            453)       006 
 Net financing income                            569 950    27 936 
 Share of profit/ (loss) of equity-accounted                  (537 
  investees, net of tax                          280 535      041) 
                                                --------  -------- 
                                                  (1 328       361 
 (Loss)/ profit before tax                          968)       901 
                                                               (84 
 Income tax expense                              341 851      715) 
                                                    (987       277 
 (Loss)/profit for the year                         117)       186 
                                                ========  ======== 
 
 Basic and diluted earnings per 
  share (Kwacha)                                  (6.14)      3.08 
                                                ========  ======== 
 
 
                                         2015      2014 
 SUMMARY OF CONSOLIDATED STATEMENT 
  OF FINANCIAL POSITION AS AT 31 
  MARCH 2015                             ZMW'000   ZMW'000 
 
                                           7 814     6 585 
 Total Non-current assets                    621       896 
 
                                                     2 266 
 Total current assets                    689 437       442 
 
                                           8 504     8 852 
 Total Assets                                058       338 
                                        ========  ======== 
 
 
                                           7 369     8 004 
 Equity attributable to shareholders         959       732 
 
 Non-current liabilities                 539 519   346 672 
 
 Current liabilities                     594 580   500 934 
 
                                           1 134 
 Total liabilities                           099   847 606 
 
                                           8 504     8 852 
 Total equity and liabilities                058       338 
                                        ========  ======== 
 

Consolidated statement of changes in equity

 
 CONSOLIDATED STATEMENT         Share              Share       Total          Retained     Total 
  OF CHANGES IN EQUITY           capital            premium     Reserves       earnings 
                                ZMW'000            ZMW'000     ZMW'000        ZMW'000      ZMW'000 
 
  Balance at 1 April 
   2013                         893                0           605,865        4,018,325    4,625,083 
  Profit                         -                  -          -              277,186      277,186 
  Currency translation 
   - equity accounted 
   investees                     -                  -          1,012,998                   1,012,998 
  Amortisation of 
   revaluation surplus, 
   net of tax                    -                  -           (433)         433 
  Actuarial loss on 
   defined benefit, 
   net of tax                    -                  -          -               (593)        (593) 
  Issue of ordinary 
   shares                                    715    -                          -           715 
  Share premium                  -                 2,089,343                   -           2,089,343 
  Balance at 31 March 
   2014                         1,608              2,089,343    1,618,430     4,295,351    8,004,732 
 
  Balance at 1 April 
   2014                         1,608              2,089,343    1,618,430     4,295,351    8,004,732 
  Profit                         -                  -                          (987,117)    (987,117) 
  Currency translation 
   - equity accounted 
   investees                     -                  -             597,689                  597,689 
  Revaluation surplus 
   on PPE, net of tax                                                 5,572                5,572 
 Amortisation of revaluation 
  surplus                        -                  -           (215)         215          - 
  Actuarial loss on 
   defined benefit, 
   net of tax                    -                  -                          (66)         (66) 
  Payment of dividend                                                          (250,851)    (250,851) 
  Balance at 31 March 
   2014                         1,608              2,089,343    2,221,476     3,057,532    7,369,959 
 
 
                                           2015      2014 
 SUMMARY OF CONSOLIDATED STATEMENT 
  OF CASH FLOWS FOR THE YEAR ENDED 
  31 MARCH 2015                            ZMW'000   ZMW'000 
 
                                               529       130 
 Net cash from operating activities            297       562 
 
                                              (508      (166 
 Net cash used in investing activities        253)      558) 
 
 Net cash used in/ from financing             (251       271 
  activities                                  625)       921 
                                          --------  -------- 
 
 Net (decrease)/ increase in cash             (230       235 
  and cash equivalents                        581)       925 
 
 Cash and cash equivalents at                  274 
  1 April                                      363    38 438 
 
 Cash and cash equivalents at                            274 
  31 March                                  43 782       363 
                                          ========  ======== 
 

Group Financial Performance

The Group recorded turnover of K242 million (2014: K1, 001 million) and operating loss of K2, 179 million (2014: K871 million profit). Further, the Group reported a loss before tax of K1, 329 million (2014: K362 million profit). The Group recorded a loss after tax of K987 million (2014: K277 million profit). The Group's share of profit of equity accounted investees' was K281 million (2014: K537 million loss).

The Group's equity attributable to shareholders as at 31 March 2015 was positive at K7, 370 million (2014: K8, 005 million).

The dividend declared for 2014 was paid out in the third quarter of the year.

 
 
   T | +260-211-232456 
 
    E | advisory@sbz.com.zm 
 
    W | www.sbz.com.zm 
 
    Stockbrokers Zambia Limited (SBZ) 
    is a member of the Lusaka Stock 
    Exchange and is regulated by the 
    Securities and Exchange Commission 
    of Zambia 
  ==================================== 
         First Issued on 31 March 2016 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

FR ZMGGDFMNGVZM

(END) Dow Jones Newswires

April 01, 2016 09:30 ET (13:30 GMT)

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