CEC | Trading statement
In accordance with the Lusaka Securities Exchange Limited (“LuSE”) Listings Requirements, the Board of Directors advises the shareholders of CEC Plc (“the Company”) that for the twelve months ended 31st December 2016, the basic earnings per share is expected to be 444% lower and 388% lower based on ZMW and USD results respectively when compared to the results covering the twelve months ended 31st December 2015.
The movement in earnings is primarily attributed to the impairment of the CEC Africa investment/receivable of ZMW1.6 billion.
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 12 months ended 31st December 2016 to be released on SENS and published in the local press on or about 15 th March 2017. 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 14th March, 2017
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T: +260-211-232456
Stockbrokers Zambia Limited (SBZ) is a founder member of the Lusaka Securities Exchange and is regulated by the Securities and Exchange Commission of Zambia |
First issued on 14 March, 2017
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