Turnover for the year was ZMW 1,384,427 thousand (2013: ZMW 1,132,607 thousand) resulting in a 22% increase over 2013. This was the result of the product volumes, improved industrial performance and product sales mix.
Net Finance Income was ZMW 6,511 thousand (2013: ZMW 16,427 thousand) from interest earned on the investment of cash balances, net of bank charges. Exchange gains arising mainly from the translation into Kwacha of Receivable, Payables and Cash Balances denominated in US Dollars amounted to ZMW 46,543 thousand for the year (2013: ZMW 16,431 thousand gain) mainly due to the depreciation of the local currency in the last quarter of the year.
2014 annual report