IN BRIEF: ZCCM reports swing to loss, cites underperformance
ZCCM Investment Holdings PLC - Lusaka-based mining investor - Says it recorded a swing to a net loss of ZMW852.9 million, about $35.7 million, for the half year that ended June 30, from net profit of ZMW55.32 billion a year earlier. Attributes the decline in earnings to the absence of the one-off investment gain recognised in 2024, coupled with the underperformance of Mopani Copper Mines PLC and Konkola Copper Mines PLC. Notes that both companies are currently undergoing strategic operational reforms. Expects to publish its interim results on or around Wednesday this week.
Shares in the ZCCM were last quoted at $1.63 on Tuesday in London.
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