ZCCM - IH 2015 Final Results

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:                 [phone]

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.

SUMMARY OF CONSOLIDATED STATEMENT OF PROFIT OR LOSS & OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 MARCH 2015		2015		2014
		ZMW'000		ZMW'000
Revenue		241 989		1 000 538
Operating (loss)/profit		(2 179 453)		871 006
Net financing income		569 950		27 936
Share of profit/ (loss) of equity-accounted investees, net of tax		280 535		(537 041)
(Loss)/ profit before tax		(1 328 968)		361 901
Income tax expense		341 851		(84 715)
(Loss)/profit for the year		(987 117)		277 186
Basic and diluted earnings per share (Kwacha)		(6.14)		3.08

SUMMARY OF CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2015		2015		2014
		ZMW'000		ZMW'000
Total Non-current assets		7 814 621		6 585 896
Total current assets		689 437		2 266 442
Total Assets		8 504 058		8 852 338
Equity attributable to shareholders		7 369 959		8 004 732
Non-current liabilities		539 519		346 672
Current liabilities		594 580		500 934
Total liabilities		1 134 099		847 606
Total equity and liabilities		8 504 058		8 852 338

Consolidated statement of changes in equity

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY	Share capital	Share premium	Total Reserves	Retained earnings	Total
	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

SUMMARY OF CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2015		2015		2014
		ZMW'000		ZMW'000
Net cash from operating activities		529 297		130 562
Net cash used in investing activities		(508 253)		(166 558)
Net cash used in/ from financing activities		(251 625)		271 921
Net (decrease)/ increase in cash and cash equivalents		(230 581)		235 925
Cash and cash equivalents at 1 April		274 363		38 438
Cash and cash equivalents at 31 March		43 782		274 363

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     |     [phone] E     [e-mail]">[e-mail] W   HTMLPIPESYMBOL     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

 

END

 

 

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