Business
PRELIMINARY RESULTS FOR THE YEAR ENDED 31DECEMB...
PRELIMINARY RESULTS FOR THE YEAR ENDED 31DECEMB....
About this update from Ecora Royalties Plc
[{"type":"text","content":"\n \n\n\n\n\nSignificant Expansion in Royalty Portfolio and 6.9% Increase in Final Dividend\n\nAnglo Pacific Group PLC (\"Anglo Pacific\" or \"The Group\") (LSE: APF, ASX: AGP),\nthe natural resources royalties company, today announces its Preliminary Results\nshowing further substantial progress in the development of its royalty portfolio\nand an increase in both its final and full year dividends.\n\nFinancial Highlights\n\nRoyalties\n\n * Australian coal royalties independent valuation of £149.9 million (2008:\n £93.3 million)\n * Total value of other royalties £27.3 million (2008: £7.8 million)\n * Coal royalty income for the year of £20.3 million (2008: £22.1 million)\n\n\nAssets\n\n * Total assets increased by 77% to a record £312 million (2008: £176 million)\n * Total quoted and unquoted strategic interests valued at £113.5 million\n (2008: £45.8 million)\n * Cash and royalty receivables at the year end of £17.9 million (2008: £28.4\n million)\n\n\nEarnings\n\n * Profit before tax of £25,883,000 (2008: £35,255,000)\n * Earnings per share of 19.20p (2008: 27.25p)\n * Realised profits for the year from non-core mining interests of £6.4 million\n (2008: £14.0 million)\n\n\nDividends\n\n * Final dividend increased by 6.9% to 4.65p per share (2008: 4.35p)\n * Total dividends for the year increased by 7.1% to 8.35p (2008: 7.80p)\n\n\nOperational Highlights\n\n * New royalty rights acquired in gold, platinum and uranium\n * Compliant resources announced for the Trefi and Panorama Canadian coal\n projects\n * Threefold increase in value of strategic quoted interests\n * Steady coking coal royalty receipts\n * Increased exposure to coal and uranium projects\n * TSX listing progressing\n\n\nCommenting on the Preliminary Results, Peter Boycott, Chairman of Anglo Pacific\nGroup PLC said:\n\n\"Anglo Pacific has made further progress in diversifying its royalty portfolio\nwith four new royalties acquired during the year. Its quoted mining interests\nhave increased in value threefold and the Group has strong cash reserves, no\ndebt and total assets now well in excess of £300 million.\n\nThe Group remains committed to a progressive dividend policy and I am pleased to\nannounce a 6.9% increase in the final dividend. Anglo Pacific will continue to\nmake the acquisition of new royalties its overriding strategic focus....