Business
Interim Results for Six Months Ended 30 June 2022
Interim Results for Six Months Ended 30 June 2022.
About this update from Central Asia Metals Plc
[{"type":"text","content":"\n \n \n \n \n \n \n \n 14 September 2022\n \n Central Asia Metals plc\n \n (the 'Group', the 'Company' or 'CAML')\n \n \n Interim Results for the Six Months Ended 30 June 2022\n \n \n Central Asia Metals plc (AIM: CAML) is pleased to announce its unaudited interim results for the six months ended 30 June 2022 ('H1 2022' or 'the period').\n \n \n H1 2022 financial summary\n \n \n ·\n \n \n Increased dividend\n \n \n \n \n o \n H1 2022 dividend of 10 pence per share (H1 2021: 8 pence), representing 40% of Group free cash flow\n 1\n (FCF)\n \n \n \n ·\n \n Strong financial performance driven by robust commodity prices\n \n \n \n o\n Group gross revenue\n 1\n of $119.5 million (H1 2021: $106.3 million) and Group net revenue of $113.8 million (H1 2021: $100.8 million)\n \n \n o\n Group EBITDA\n 1\n of $74.9 million (H1 2021: $64.4 million) and EBITDA margin\n 1\n of 63% (H1 2021: 61%)\n \n \n o\n Group FCF\n 1\n of $52.1 million (H1 2021: $48.9 million)\n \n \n \n \n \n ·\n \n Strong balance sheet \n \n \n \n o\n Cash in the bank as at 30 June 2022 of $57.7 million\n 2\n (31 December 2021: $59.2 million2)\n \n \n o\n Group net cash1 as at 30 June 2022 of $38.9 million (31 December 2021: $22.7 million)\n \n \n o\n Corporate debt repayments of $16.0 million (H1 2021: $19.2 million)\n \n \n o\n Post period end, CAML completely repaid its corporate debt facility\n \n \n \n \n \n \n \n H1 2022 sustainability summary\n \n \n ·\n One Group lost time injury (LTI); Group lost time injury frequency rate (LTIFR) of 0.85\n \n \n ·\n 2021 Sustainability Report and Climate Change Report published in Q2 2022\n \n \n ·\n Construction of Kounrad solar power plant to commence in Q4 2022\n \n \n ·\n Significant pay rises agreed for Sasa and Kounrad employees\n \n \n ·\n Post period end approval of Sasa Cut and Fill Project Environmental and Social Impact Assessment (ESIA)\n \n \n \n \n \n \n H1 2022 operational summary and guidance\n \n \n \n \n \n \n ·\n Kounrad copper production of 6,617 tonnes (H1 2021: 6,214 tonnes) and sales of 6,406 tonnes (H1 2021: 6,241 tonnes) \n \n \n o \n 2022 Kounrad copper production guidance increased from 12,500-13,500 tonnes to 13,500-14,000 tonnes\n \n \n ·\n Sasa zinc in concentrate production of 10,465 tonnes (H1 2021: 11,292 tonnes) and paya...