ZCCM records 14% increase in profit

ZCCM Investment Holdings (ZCCM-IH) has recorded a profit of K4.8 billion in 2023, constituting a 14% increase from 2022.

ZCCM-IH’s Chief Executive Officer, Ndoba Vibetti has noted that the company’s trajectory is looking hopeful with the resolution of legacy issues as Konkola and Mopani Copper Mines.

ZCCM-IH handed over dividend cheques to the Industrial Development Corporation (IDC) worth over K146 million on 29 July. It has also paid a dividend to the National Pension Scheme Authority (NAPSA) worth over K36 million.

The increase in profit has been attributed to the increased value in investments in associates and other present assets.