Trading Statement For The Year Ended 31 December 2021

Trading Statement For The Year Ended 31 December 2021

| Puma Energy Zambia Plc | Trading Statement For The Year Ended 31 December 2021

 

In accordance with the Lusaka Securities Exchange (“LuSE”) Listings Requirements, the Board of Directors of Puma Energy Zambia Plc (“the Board”) wishes to advise the Shareholders that for the period ending 31st December 2021, the basic earnings per share is expected to be 52% lower than that of the corresponding period last year for both the group and for the Company.

The reduction is due to foreign exchange losses. During the year under review, the company recorded unrealised losses on foreign currency based financial assets as a result of the fluctuation of the kwacha against the USD. The Kwacha fluctuated from K21.12/1USD at the beginning of the year to 16.66/1USD at the close of the year.

The Company expects its results for the year ended 31st December 2021 to be released on SENS and published in the local press on or about 10th March. Accordingly, shareholders are advised to exercise caution when dealing in the Company’s securities until publication of the results.

By Order of the Board
Kalunga Lutato
Company Secretary

  • March 10, 2022 Create Date
  • 173.69 KB File Size
  • Expiry Date