Lusaka South-MFEZ nets K25m
Published On July 12, 2021 » 865 Views» By Times Reporter » Business, Stories
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By CHATULA KANGALI
THE Lusaka South Multi Facility Economic Zone (LSMFEZ) recorded K25.4 million revenue in the year 2020 despite the impact of COVID-19 on the economy. The MFEZ realised a net profit after tax of K2.2 million compared to a net loss of K5.4 million recorded in 2019 representing 141 percent growth on audited numbers. The company attributed the growth in income and profit to the sale of investment land to the Zesco Limited for the construction of a termination point at the LSMFEZ with a total of K8.25 million realised through this intra-company transaction.

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