CEC | Summary Consolidated Unaudited results for the period ended 30 June 2014
In compliance with the requirements of the Securities Act and the Listing Rules of the Lusaka Stock Exchange, Copperbelt Energy Corporation PLC announces the unaudited results for the period ended 30th June 2014 (Half Year Results).
Summary Consolidated Statement of Comprehensive Income for the year ended 30 June 2014
| Unaudited | Unaudited | Audited | ||
| 6 months to | 6 months to | 12 months to | ||
| 30.06.14 | 30.06.13 | 31.12.13 | ||
| USD’000 | USD’000 | USD’ 000 | ||
| Revenue | 307,444 | 139,528 | 317,236 | |
| Gain on Bargain Purchase | – | – | 133,091 | |
| Share of Profit in Associates | 1,963 | – | 1,711 | |
| Other Comprehensive Income | 3,831 | 1,759 | 7,247 | |
| Profit before interest and tax | (33,647) | 16,414 | 111,515 | |
| Net finance (costs)/ income | (14,947) | (808) | (8,050) | |
| Income tax expense | (8,999) | (5,596) | (16,054) | |
| Profit after tax | (57,593) | 10,011 | 85,064 | |
| Earnings per share (US Dollar) | (0.04) | 0.01 | 0.09 |
