ZCCM

MLZAM - ZM0000000037 SRD PEA PEA-PME
1.100 € 0.00 % Temps réel Euronext Paris

ZCCM-IH’s profits soar to K438.9m

06/10/2020 par Titicopper 2
ZCCM-IH’s profits soar to K438.9m

By Stuart Lisulo,
6th October 2020
BUSINESS
ZCCM-IH has posted huge after tax profits of K438.9 million during its financial half-year ending June 30, 2020, triggered by increased income derived from exchange rate gains from the group’s foreign-denominated assets. And ZCCM-IH says copper prices are expected to steadily increase on the back of solid recovery in Chinese demand for the red metal. According to an unaudited statement for the financial half-year ending June 30, 2020, ZCCM-IH Group posted an increased profit of nearly K439 million, compared to K128.4 million by September 30, 2019, mainly boosted by higher...
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