INDENI LEADS IN DIVIDENDS DECLARATION

Indeni Petroleum Refinery Company has declared the greatest dividend among Zambia’s command-owned enterprises after issuing a 28 million Kwacha cheque to the Industrial Pattern Corporation -IDC this morning.
The dividend for the monetary three hundred and sixty five days ending December 2017 is over 50 p.c of income after tax plan beyond the important 35 p.c threshold for declaration of dividends.
Indeni Petroleum Refinery Company Board Chairman Yamfwa Mukanga says the milestone has been accomplished as a result of an enabling ambiance created by authorities.
Speaking throughout the handover of the cheque this morning in Ndola, Mr Mukanga said the company will share the success of the company thru a whole lot of corporate social accountability projects within Ndola.
And Industrial Pattern Corporation -IDC Group Chief Govt Officer Mateyo Kaluba said Indeni Petroleum Refinery Company’s dividends are spectacular.
He announced that the dividends which the team is receiving from Disclose owned enterprises will be invested in a whole lot of commercial projects countrywide.
Mr Kaluba said the IDC is investing in a cashew nuts processing plant in Western Province, a pineapple plant within the North Western Province and a meals processing plant in Jap Province utilizing dividends from Disclose owned enterprises.
Meanwhile, Energy Everlasting Secretary Emeldah Chola says prudent management by Indeni Petroleum Refinery Company has brought an stop to the continual gas shortages the country ragged to skills within the past.