Africa, ANNOUNCEMENTS

Cavmont Capital Holdings Zambia Plc 2016 year end results

Cavmont Capital Holdings Zambia Plc 2016 year end results are open to the public as were issued by Stockbrokers Zambia Limited. The Lusaka Securities Exchange member published the Non Audited consolidated financial statements on the 28th of March 2017.

As summarised by Financifi Africa’s Financial Editor the summary of the results are as follows:

The total worth of the public limited bank has decreased over the financial trading period by ZMW995,000.00 , total assets and liabilities valued at ZMW1,063,735,000.00 .

Though the bank has made a profit of ZMW454,000.00 over the last trading period this value represents a decline in profits by 44.9% available to shareholders earnings from the prior period ended 2015. Shareholders earnings per share have thus reduced to ZMW0.004o per share.

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