ZCCM-IH declares K50.3m dividend to IDC

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By JOHN SAKALA
ZCCM-IH yesterday presented a second dividend cheque of K50.3 million to its majority shareholders, the Industrial Development Corporation (IDC).

ZCCM-IH acting Chief Executive Officer Mabvuto Chipata said the company made a profit after tax of K843 million in 2018.

Mr Chipata said ZCCM-IH was optimistic about the outlook of the company as it continues’ on a growth and transformation trajectory in line with the institutions’ 2018-2023 strategic plan.

Receiving the cheque, IDC Group Chief Executive Officer Mateyo Kaluba said the corporation is looking forward as shareholders to receiving dividends.

Mr Kaluba stressed that the IDC also declares dividends to its shareholders and therefore expects State Owned Enterprises to do the same.

He urged ZCCM-IH to become a leader in the country’s mining sector.

“The country is endowed with enough mineral wealth and hence Zambians expect ZCCM-IH to be a leading vehicle in managing operations in the mining sector,” he said.

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

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