ZCCM Investments Holdings (ZCCM-IH) has recorded a 273% increase in profit to K2.13 billion as at December, 2020 from K307 million in 2019.

The company attributes the increase in profit in associate companies to K1.48 billion from K420 million recorded in December 2019.

ZCCM-IH company secretary, Chabby Chabala said this is due to increase in the profitability of Maamba Collieries Limited, CNMC Luanshya Copper Mines Plc, Non-Ferrous Corporate Africa Mining Pls and Kansanshi Mining Plc.

Mr Chabala also said the company recorded an increase in revenue to over K113 million from about K62.4 million.

Source: Daily Mail Zambia