Business
Preliminary Results 2010
Preliminary Results 2010.
About this update from Ecora Royalties Plc
[{"type":"text","content":"\n \n\n\n\n\n\nRNS Number : 6757B Anglo Pacific Group PLC 23 February 2011 \n\n \nAnglo Pacific Group PLC\n \nPreliminary Results 2010\n \nPRELIMINARY RESULTS FOR THE YEAR ENDED DECEMBER 31, 2010\n \n \nRecord Earnings and Assets\n \nAnglo Pacific Group PLC (\"Anglo Pacific Group\" or \"the Group\") (LSE: APF, TSX: APY), today announces preliminary results demonstrating a substantially expanded royalty portfolio and a further increase in its total assets to record levels. After realising substantial profits from the sale of non-core mining interests and receiving record royalty cash flows, the Board will again be recommending an increased final dividend.\n \nFinancial highlights\n \nRoyalties\n \n· Australian coal royalties independent valuation of £177.1 million (2009: £149.9 million)\n· Total value of other royalties £82.6 million (2009: £35.3 million)\n· Royalty income for the year of £30.1 million (2009: £20.3 million)\n \nAssets\n \n· Total assets increased by 33% to a record £415.6 million (2009: £312.5 million) \n· Total quoted and unquoted strategic interests valued at £128.5 million (2009: £113.5 million)\n· Cash and receivables at the year end of £37.1 million (2009: £19.3 million)\n \nEarnings\n \n· Profit before tax increased by 154% to £65.8 million (2009: £25.9 million)\n· Earnings per share increased by 173% to 51.99p (2009: 19.07p)\n· Realised profits for the year from non-core mining interests of £41.0 million (2009: £6.4 million)\n \nDividends\n \n· Final dividend increased by 9.7% to 5.10p per share (2009: 4.65p)\n· Total dividends for the year increased by 8.4% to 9.05p per share (2009: 8.35p)\n \nOperational highlights\n \n· Continued diversification of the Group's royalties portfolio\n· Acquisition of two substantial iron ore royalties\n· Market demand for mining finance continued to be strong\n· &nbs...