CEC Trading Statement for the half year ended 30th June 2024
In accordance with Section 3.4(b) of the Lusaka Securities Exchange (“LuSE”) Listings Requirements, the Board of Directors of the Copperbelt Energy Corporation Plc (“CEC” or “the Group”) hereby advises shareholders that the Earnings Per Share (“EPS”) for the half year ended 30th June 2024, is likely to be approximately 62% less than the corresponding period in 2023. The 2023 EPS included one-off transactions being the writeback of the previously impaired receivables from Konkola Copper Mines (“KCM”), and the impairment of the investment in the Kabompo Hydropower project.
Shareholders are advised that the information in this trading statement has not been reviewed or reported on by the Company’s external auditors.
The results for the half year ended 30th June 2024 will be released on SENS and published in the local media on or about 26 August 2024. Accordingly, shareholders are advised to exercise caution when dealing in the Company’s securities until publication of the results.
By order of the Board
Julia C Z Chaila (Mrs)
Company Secretary
Issued in Lusaka, Zambia on 22 August 2024
