ZCCM flags near five-fold increase in earnings

ZCCM Investments Holdings delivered some post-Christmas cheer to shareholders on Friday, reporting that its earnings per share for the six months ended 30 September was expected to be about 476% higher than for the same period a year earlier.

The London-listed firm said the movement in the figure could be primarily attributed to improved profits in associate companies, as well as foreign exchange gains.

“This improved performance is mainly due to the continued increase in demand for copper on the world market,” the board said in its statement.