ZCCM-IH post-tax loss hits K4.5bn
Published On April 16, 2024 » 340 Views» By Times Reporter » Business, Stories
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By CHATULA KANGALI –
THE ZCCM-Investment Holding (IH) has recorded an increased post-tax loss from K3.786 billion in 2022 to K4.597 billion due to the underperformance of its subsidiary, Mopani Copper Mine Plc
Mopani’s operations have negatively impacted the group, contributing a substantial loss of K9.2 billion this year.
ZCCM-IH states that the performance of Mopani was on account of lower copper production of 65,602 tonnes last year compared to the 72,694 tonnes in 2022.
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