2nd Dec 2021 12:06
Jubilee Metals Group PLC - London-based metals processing company - Pretax profit in year ended June 30 surges to GBP43.0 million from GBP13.7 million year before. Revenue more than doubles to GBP132.8 million from GBP54.8 million. Platinum group metals revenue more than doubles to GBP88.8 million from GBP34.6 million, with attributable earnings surging to GBP62.8 million from GBP21.5 million. Attributable PGM ounces produced up to 50,162 from 40,743. Chrome revenue rises to GBP34.5 million from GBP17.2 million, as attributable earnings grows to GBP3.1 million from GBP803,000. Attributable chrome tonnes produced grows to 751,223 from 377,883.
Chief Executive Leon Coetzer says: "The Jubilee team delivered an exceptional performance during this financial year, achieving growth in all of our core business units; PGMs and Chrome and also generating maiden earnings from our new Zambian copper portfolio. During this period, Jubilee in addition executed a number of targeted transactions and investments valuing £ 20 million, to not only underpin our growth but which also offer the opportunity for further growth."
Current stock price: 17.09 pence in London; ZAR3.63 in Johannesburg
Year-to-date change: up 34% in London; up 37% in Johannesburg
By Paul McGowan; [email protected]
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