CEC | Trading Statement

By Published On: March 22nd, 2016Categories: Corporate announcement

In accordance with the Lusaka Stock Exchange Limited (“LuSE”) Listings Requirements, the Board of Directors advises the Shareholders of Copperbelt Energy Corporation Plc (“the Company”) that for the financial year ended 31 December 2015, the Earnings per Share and Headline Earnings per Share are expected to be approximately 68% lower than those for the financial year ended 31 December 2014.

The movement is attributed to a one-time impairment loss on Property, Plant and Equipment, and a higher provision for bad debt triggered by the change in bad debt provision policy.

Shareholders are advised that the information contained in this Trading Statement has not been reviewed nor reported on by the external auditors of the Company.

The Company expects its results for financial year ended 31 December 2015 to be released on SENS and published in the local press on or about 23 March 2016. Accordingly, shareholders are advised to exercise caution when dealing in the Company’s securities until publication of the results.

Issued in Lusaka, Zambia on 22 March 2016

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