Business
Interim Results for Six Months Ended 30 June 2023
Interim Results for Six Months Ended 30 June 2023.
About this update from Central Asia Metals Plc
[{"type":"text","content":"\n\n\n \n13 September 2023\nCentral Asia Metals plc\n(the 'Group', the 'Company' or 'CAML')\n \nInterim Results for the Six Months Ended 30 June 2023\n \nCentral Asia Metals plc (AIM: CAML) is pleased to announce its unaudited interim results for the six months ended 30 June 2023 ('H1 2023' or 'the period').\n \nH1 2023 financial summary\n- Sector-leading dividend yield\no H1 2023 dividend of 9 pence per share (H1 2022: 10 pence)\n \n- Dependable financial performance\no Group gross revenue1 of $99.3 million (H1 2022: $119.5 million) and Group net revenue of $93.6 million (H1 2022: $113.8 million)\no Group earnings before interest, tax, depreciation, and amortisation ('EBITDA')1 of $48.9 million (H1 2022: $74.9 million)\no EBITDA margin1 of 49% (H1 2022: 63%)\no Group adjusted free cash flow ('adjusted FCF'1) of $24.1 million (H1 2022: $52.2 million)\n \n- Strong balance sheet\no Debt free\no As at 30 June 2023, cash in the bank of $50.6 million2 (31 December 2022: $60.6 million)\no Creates solid platform for growth\n \nH1 2023 operational summary\n- Kounrad copper production of 6,716 tonnes (H1 2022: 6,617 tonnes) and sales of 6,315 tonnes (H1 2022: 6,406 tonnes)\n- Sasa zinc in concentrate production of 9,764 tonnes (H1 2022: 10,465 tonnes) and payable zinc sales of 8,382 tonnes (H1 2022: 8,761 tonnes)\n- Sasa lead in concentrate production of 13,734 tonnes (H1 2022: 13,827 tonnes) and payable lead sales of 12,416 tonnes (H1 2022: 13,608 tonnes)\n- One Group Lost Time Injury ('LTI'); Group Lost Time Injury Frequency Rate ('LTIFR') of 0.80 (H1 2022: 0.85)\n- Exploration activities underway in Kazakhstan through arrangement with geological team, Terra Exploration\n- 2022 Sustainability Report and Climate Change Report published in Q2 2023 and submission of inaugural disclosures to Carbon Disclosure Project ('CDP') in July 2023\n \n1&nbs...