Business
2021 Full Year Results
2021 Full Year Results.
About this update from Central Asia Metals Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 3068G\n Central Asia Metals PLC\n 29 March 2022\n \n \n \n 29 March 2022\n \n CENTRAL ASIA METALS PLC\n \n \n ('CAML' or the 'Company')\n \n \n 2021 Full Year Results\n \n Central Asia Metals plc (AIM: CAML) today announces its full year results for the 12 months ended 31 December 2021.\n Financial highlights\n Increased dividend\n \n · \n 2021 final dividend of 12 pence per share (2020: 8 pence)\n \n \n o \n 2021 full year dividend of 20 pence per share (2020: 14 pence) \n \n \n o \n Represents 45% of 2021 free cash flow1 ('FCF'), in line with stated dividend policy\n \n \n o \n Payable on 30 May 2022 to shareholders registered on 6 May 2022\n \n \n Record financial results\n \n \n · \n Group gross revenue\n [1]\n of $235.2 million (2020: $170.3 million) \n \n \n o \n Group net revenue of $223.4 million (2020: $160.1 million)\n \n \n · \n Group EBITDA\n 1\n of $141.5 million (2020: $95.7 million)\n \n \n · \n EBITDA margin\n 1\n of 60% (2020: 56%)\n \n \n · \n Group profit before tax of $109.3 million (2020: $59.8 million)\n \n \n · \n EPS from continuing operations of 47.69 cents (2020: 24.78 cents)\n \n \n Strong balance sheet\n \n \n · \n Group FCF\n 1\n of $103.8 million (2020: $58.9 million) \n \n \n · Group net cash1 as at 31 December 2021 of $22.7 million (2020: net debt of $36.2 million)\n \n o \n Cash in the bank as at 31 December 2021 of $59.2 million2 (2020: $47.9 million)\n \n \n o \n 2021 gross debt repayments of $48.4 million (2020: $38.4 million)\n \n Sustainability and operational overview\n \n · \n Zero lost time injuries at Kounrad during 2021 (2020: zero)\n \n \n · \n Four lost time injuries at Sasa during 2021 (2020: zero)\n \n \n · \n Target of 50% reduction in Scope 1 and Scope 2 greenhouse gas ('GHG') emissions by 2030 versus 2020 and to achieve net zero emissions by 2050\n \n \n · \n Copper production of 14,041 tonnes (2020: 13,855 tonnes)\n \n \n · \n Zinc in concentrate production of 22,167 tonnes (2020: 23,815 tonnes)\n \n \n · \n Lead in concentrate production of 27,202 tonnes (2020: 29,742 tonnes)\n \n \n 2022 outlook\n \n \n · \n Kounrad copper production guidance, between 12,500 and 13,500 tonnes \n \n \n · \n Sasa production guidance, zinc in concentrate, between 20,000 and 22,000 tonnes and lead in concentrate, between 27,000 and...