Kenmare (“KMR”) released record FY22 financial results this morning, with realised prices exceeding expectations and delivering EBITDA of US$298m, 6% above H&Pe and up 39% YoY. This generated the largest full year dividend to date at 54.3 cps, implying a trailing yield of 10.2%. As reported on 2nd March, an early set back caused by an unprecedent lightning strike has dented output in Q1’23, although KMR still believes the bottom end of its FY23 range is achievable. With the Company seeing some s ....

22 Mar 2023
Kenmare Resources: FY22 another year of financial records culminating in a USc54.3/sh dividend

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Kenmare Resources: FY22 another year of financial records culminating in a USc54.3/sh dividend
Kenmare Resources Plc (KMR:LON) | 446 40.1 2.0% | Mkt Cap: 423.1m
- Published:
22 Mar 2023 -
Author:
Roger Bell -
Pages:
3 -
Kenmare (“KMR”) released record FY22 financial results this morning, with realised prices exceeding expectations and delivering EBITDA of US$298m, 6% above H&Pe and up 39% YoY. This generated the largest full year dividend to date at 54.3 cps, implying a trailing yield of 10.2%. As reported on 2nd March, an early set back caused by an unprecedent lightning strike has dented output in Q1’23, although KMR still believes the bottom end of its FY23 range is achievable. With the Company seeing some s ....