Chilanga Cement has announced that it made K291 million Kwacha profit after paying the tax for the year 2021.
Following the two interim dividends declared in September and November 2021, the members of the Annual General Meeting voted in favour of the Chilanga Cement board’s proposal not to declare a final dividend.
Meanwhile Chilanga Cement’s Chief Executive Officer Jianping Chai said the company will continue to focus on market development both locally and within the SADC region.
He also thanked the shareholders and Board members for their dedication and wise counsel, whilst extending his thanks to the customers for their unwavering loyalty to Chilanga Cement.
Chilanga Cement paid more than K142 million in taxes to the Republic of Zambia in 2021.
The performance was mainly attributed to increased exports by 34% which brought in more than K1.2 billion equivalent of hard currency into the country.
This was after they successfully held the 30th Annual General Meeting (AGM) today, 29th March 2022 via Zoom chaired by Chilanga Cement board Chairman Mr Muna Hantuba.