Kenmare released strong H1’22 financial results this morning, as realised prices exceeded our expectations, offsetting weak shipments (reported 14th July), to deliver record first half profit after tax of US$62.5m, up 30% YoY. This allowed KMR to declare a dividend of 10.98 cps, 71% ahead of H&Pe and implying an annualised yield of 5.8% assuming a 1/3:2/3 H1:H2 split. Guidance for the full year is (just about) intact, with a stronger H2 expected to deliver the bottom end of the target production ....
17 Aug 2022
Kenmare Resources: Strong H1’22 results: record H1 revenue and profit drive 51% dividend boost
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Kenmare Resources: Strong H1’22 results: record H1 revenue and profit drive 51% dividend boost
Kenmare Resources Plc (KMR:LON) | 314 1.6 0.2% | Mkt Cap: 279.7m
- Published:
17 Aug 2022 -
Author:
Roger Bell -
Pages:
4
Kenmare released strong H1’22 financial results this morning, as realised prices exceeded our expectations, offsetting weak shipments (reported 14th July), to deliver record first half profit after tax of US$62.5m, up 30% YoY. This allowed KMR to declare a dividend of 10.98 cps, 71% ahead of H&Pe and implying an annualised yield of 5.8% assuming a 1/3:2/3 H1:H2 split. Guidance for the full year is (just about) intact, with a stronger H2 expected to deliver the bottom end of the target production ....