ZCCM Investments Holdings (GB:ZCC) has released an update.
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ZCCM Investments Holdings PLC reported a loss increase for the fiscal year ending December 2023, with an overall post-tax loss of ZMW 4.597 billion, up from ZMW 3.786 billion the previous year, mainly attributed to the subsidiary Mopani Copper Mine’s performance. Despite these losses, the company’s total assets grew to ZMW 56.87 billion, although liabilities also rose significantly due to outstanding interest on loans and exchange rate losses. In contrast to the group, the company itself posted a profit increase to ZMW 4.51 billion, showcasing resilience in the face of group-wide financial challenges.
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