Multi Facility Economic Zone reportedly records K3.5 million profit after tax in 2023

Lusaka South Multi Facility Economic Zone (LMMFEZ) says it recorded an improved financial performance in 2023 with a profit of K3.5 million after tax compared to K2.8 million recorded in 2022.

LMMFEZ Chairperson of the board of directors, Boster Chitaba said the profits marked the third consecutive Year that the company was declaring a dividend.

He said this in Lusaka on Wednesday when LMMFEZ delivered a dividend of K1.5 million cheque to its shareholder, Industrial Development Corporation (IDC) December 31, 2023.

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“The company made dividend payments of ZMW 1, 200, 888 and ZMW 2, 000, 000 for the years 2021 and 2022 respectively,” he added.

He pointed out that this made the total dividend payout to K6 million.

“We attribute this success to the unwavering support from our shareholders – IDC,” he stated.

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