ZCCM-IH (Zambia) – Statement on delayed 2020 financials

By Published On: February 28th, 2022Categories: Corporate announcement

In the past three years, many countries including Zambia have experienced challenging economic conditions exacerbated by the Covid -19 pandemic. The economic effects have been significant as evidenced in supply chain disruptions for most of Zambia’s main trading partners, who have been in and out of lockdown during this period.

The aforementioned have led to a less than optimal operations of ZCCM-IH and its subsidiaries.

Regrettably, this economic malaise and current restructuring processes to ensure portfolio efficiencies within ZCCM-IH has negatively impacted the issuance of our financial statements for 2020.

Going forward and with fresh impetus, the Board is committed to ensuring financial statements are issued on time in compliance with the various statutory, listing rules and regulations of the stock markets where ZCCM-IH is listed. To this effect, the 2021 financial statements will be issued by 31 March 2022.

By Order of the Board

Chabby Chabala

COMPANY SECRETARY
Issued in Lusaka, Zambia on 28 February 2022

The contents of the post above were obtained from third parties, which We, AfricanFinancials, believe to be reliable. However, We do not guarantee their accuracy and the above information may be in condensed form. The reader is encouraged to refer to the original source of the information, which, in most cases, is in PDF format and on the originating company's letterhead. While We endeavour to replicate the original content accurately, We cannot guarantee the absence of errors in the above article and We disclaim any liability regarding reliance on information provided in this article.

ZCCM Investments Holdings Plc (ZCCM.zm)

Share price: 65.00 Kwacha (0.00 | 0.00% – 03/02/25)

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