CEC | Trading statement
In accordance with the Lusaka Stock Exchange Limited (“LuSE”) Listings Requirements, the Board of Directors advises the Shareholders of Copperbelt Energy Corporation PLC (“the Company”) that for the six-month period ended 30 June 2014, the basic earnings per share is expected to be 500% lower than those for the six-month period ended 31 December 2013.
The material movement is attributed to the recent acquisition of equity interest in two operating assets in Nigeria, whose results for the half year have been consolidated in the Group’s 2014 half year results.
Shareholders are advised that the information contained in this trading statement has not been reviewed or reported on by the external auditors of the Company. The Company expects its results for the six-month period ended 30 June 2014 to be released on SENS and published in the local press on or about 10 November, 2014. Accordingly, shareholders are advised to exercise caution when dealing in the Company’s securities until publication of the results.
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