Sixteenth AGM presentation to CEC Shareholders
The Directors of Copperbelt Energy Corporation PLC (“CEC”) release the presentation to Shareholders at the Sixteenth Annual General Meeting of the Members of Copperbelt Energy Corporation PLC held at the CEC Ravens Country Club, corner Central Street / 24th Avenue Kitwe on Friday, 25th July, 2014 at 10:00 hours.
2013 Perfomance highlights:
- Increase in revenue of 8% compared to 39% between 2012 and 2011.
- This was due to 2011 tariff increase which was only accounted for in 2012;
- Gross profit margin increased slightly from 27% to 28%;
- 25% increase in profit before interest and tax;
- Increase in net profit margin of 15%;
- 18% increase in earnings per share from 11ngwee per share to 13ngwee per share
Related Link:
CEC AGM Financial Performance presentation 31 Dec 13
About Copperbelt Energy Corporation PLC
Copperbelt Energy Corporation PLC (CEC) is an independent power distribution and transmission business, with a control centre on the Copperbelt Province of Zambia.
CEC’s strategy is to: Grow and diversify its business by pursuing viable opportunities in the energy and telecommunication sectors; play a role in observing and shaping the present and future business environment for the benefit of the Company, its customers, and its suppliers; and develop strategic partnerships with technical and financial resources to realise a shared vision of energy infrastructure development in Zambia and surrounding territories.
CEC, a member of the Southern African Power Pool distributes power to the majority of mines operating on the Copperbelt province, the national utilities ZESCO Limited (ZESCO) and SNEL of the Democratic Republic of Congo (DRC).
The company’s assets comprise an emergency power generation capacity of 80MW, transmission and distribution network of 900 km of overhead power lines, 40 high voltage substations and electricity network carrying capacity in excess of 700MW. The company operates an interconnector with the DRC, through which power is wheeled to Zambia, Zimbabwe and South Africa.
CEC is also a wholesale broadband and Internet Service Provider (ISP) in Zambia through two joint ventures, Realtime Zambia (RTAA) and CEC Liquid.
