ZCCM-IH declares K50M dividend to IDC

By Staff Reporter

The ZCCM-IH this morning presented a second dividend cheque to the tune of K50.3 million to its majority shareholders, the Industrial Development Corporation (IDC).

In delivering the cheque to IDC in Lusaka, ZCCM-IH acting Chief Executive officer Mabvuto Chipata said the company made a profit after tax of K843 million in 2018.

He said ZCCM-IH was optimistic about the outlook of the company as it contiues on a growth and transformatory trajectory in line with the institution’s 2018-2023 strategic plan.

And recieving the cheque, IDC Group Chief Executive officer Mateyo Kaluba said the shareholders were looking forward to receiving dividends from various state enterprises.

Mabvuto urged IDC to also declare dividends to its shareholders and expected state owned enterprises to do the same.

Kaluba further urged ZCCM-IH to become a leader in the country’s mining sector, saying the country was endowed with enough mineral wealth.

Kaluba advised ZCCM-IH to implore its investee companies to improve operations towards profitability and start declaring dividends.

This was contained in a statement made available to the press by ZCCM-IH Public Relations Manager Loisa Mbata Kakoma in Lusaka this morning.