Central Asia Metals (CAML LN) reported record full year earnings underpinned by strong commodity prices enabling a record dividend of 20p/sh. Net revenue of US$223.4m was up 39% YoY primarily due to higher copper, lead and zinc prices, and was in line with our forecast. EBITDA of US$141.5m was up 48% YoY and 3% ahead of our forecast. Net income was up 93% YoY to US$84.2m. This performance drove strong free cash flow generation and on the company’s metric was US$103.8m, up 76% YoY enabling a fina ....
