CEC Trading Statement for the year ended 31st December 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 year ended 31st December 2024, is likely to be approximately 29% less than that for the year ended 31st December 2023. The 2023 EPS included significant 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 year ended 31st December 2024 will be released on SENS and published in the local media on or about 7th March 2025. Accordingly, shareholders are advised to exercise caution when dealing with the Company’s securities until the results are published.
By order of the Board
Julia C Z Chaila (Mrs)
Company Secretary
Issued in Lusaka, Zambia on 5th March 2025
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