ZCCM Investments Holdings PLC said on Wednesday that it expects earnings per share for the year ended Dec. 31, 2020, to rise for both the company and group due to higher income and dollar-denominated assets.

The investment holding company said EPS for the full year is expected to be around 594% higher for the group and 273% higher for the company, compared with the nine-month financial period ended Dec. 31, 2019.

The rise in EPS for the group is primarily attributed to an increase of 1.07 billion kwacha ($60.7 million) in share of profit and exchange gains from its dollar-denominated assets, while the EPS increase for the company is due to higher investment and net finance income.

Since 2019, the company changed its financial year-end to Dec. 31 from March 31.

Source: https://www.marketwatch.com/story/zccm-investments-holdings-sees-2020-eps-higher-271645611182