Central Asia Metals (CAML LN) announced strong H1 2018 results in the first full period reflecting the contribution from Sasa. Revenue was up 160% YoY to US$96.6m primarily driven by the acquisition as well as an 18% YoY increase in realised copper prices. EBITDA of US$64.6m was up 166% YoY as costs at Kounrad were in line with expectations and Sasa unit costs were held flat. With no significant non-cash charges net income of US$28.5m reflected the benefit of the acquisition also, up 88% YoY.
24 Sep 2018
Strong Interim Results
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Strong Interim Results
Central Asia Metals Plc (CAML:LON) | 207 -2.1 (-0.5%) | Mkt Cap: 377.0m
- Published:
24 Sep 2018 -
Author:
Oliver O’Donnell -
Pages:
20
Central Asia Metals (CAML LN) announced strong H1 2018 results in the first full period reflecting the contribution from Sasa. Revenue was up 160% YoY to US$96.6m primarily driven by the acquisition as well as an 18% YoY increase in realised copper prices. EBITDA of US$64.6m was up 166% YoY as costs at Kounrad were in line with expectations and Sasa unit costs were held flat. With no significant non-cash charges net income of US$28.5m reflected the benefit of the acquisition also, up 88% YoY.