Central Asia Metals PLC Update research from QuotedData
13 September 2016 - 3:03PM
RNS Non-Regulatory
TIDMCAML
Central Asia Metals PLC
13 September 2016
Central Asia Metals PLC - Update research from QuotedData
13(th) September 2016
Profits soar as costs slashed
Despite a weak market for copper, Central Asia Metals (CAML)
turned in an impressive first half 2016 performance by increasing
profits and raising its half-yearly dividend. H1 2016 earnings per
share was up 95% year-on-year, to US9.5c, and the company has
increased its interim dividend by 22%, to 5.5p per share.
CAML's main asset is its Kounrad copper dump treatment
operation, in Kazakhstan, which produces copper through an SX-EW
plant without the need for expensive mining. In H1, the company
produced a record 6,908t of copper (up 27%). Its already low unit
costs fell by a phenomenal 40%, on higher production and exchange
rate movements, firmly establishing its position as one of the
lowest cost, if not the lowest, copper producer in the world.
Full research:
http://quoteddata.com/2016/09/central-asia-metals-profits-soar-as-costs-slashed/
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September 13, 2016 10:03 ET (14:03 GMT)