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An update from ZCCM Investments Holdings ( (FR:MLZAM) ) is now available.
ZCCM Investments Holdings PLC announced its provisional unaudited financial results for the year ending December 31, 2024, showing a significant turnaround with a profit of ZMW 42.3 billion compared to a loss of ZMW 4.1 billion in 2023. This improvement is attributed to a substantial gain on subsidiary loan modification and increased share of profit from equity accounted investees, indicating a positive impact on the company’s financial health and potential benefits for stakeholders.
More about ZCCM Investments Holdings
ZCCM Investments Holdings PLC is a diversified investment company based in Zambia, primarily involved in mining and energy sectors. The company holds significant stakes in various mining and energy companies, including Mopani Copper Mine PLC, Maamba Energy Limited, and Copperbelt Energy Corporation PLC, positioning itself as a key player in Zambia’s mining and energy industries.
Technical Sentiment Signal: Buy
Current Market Cap: $20.6M
For a thorough assessment of MLZAM stock, go to TipRanks’ Stock Analysis page.