CEC profit rises to over $50m
Published On March 14, 2022 » 1496 Views» By Times Reporter » Latest News
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By KENNEDY MUPESENI –
COPPERBELT Energy Corporation (CEC) 2021 profitability has increased to US$51.2 million from $5.6 million recorded in the previous financial year on account of lower levels of impairment.
The company has also declared and paid an interim dividend of $37.4 million compared to 2020’s $34.1 million.
The company said in its abridged financial statement at the weekend that the increase in profitability was on the back of significantly lower levels of impairment loss of $12.6 million from $94.9 million.

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