Business
Audited results for the year ended 30 June 2020
Audited results for the year ended 30 June 2020.
About this update from Jubilee Metals Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 7391E\n Jubilee Metals Group PLC\n 10 November 2020\n \n \n \n \n Jubilee Metals Group Plc\n \n \n Registration number (4459850)\n \n \n Altx share code: JBL\n \n \n AIM share code: JLP\n \n \n ISIN: GB0031852162\n \n \n \n \n \n 10 November 2020\n \n \n \n \n \n Jubilee Metals Group Plc\n \n \n (\"Jubilee\" or the \"Company\")\n \n \n \n \n \n Audited results for the year ended 30 June 2020\n \n \n Notice of Annual General Meeting and availability of Annual Financial Statements\n \n \n \n \n \n Jubilee, the AIM and Altx traded metals processing company is pleased to announce its audited results for the year ended 30 June 2020. \n \n \n Financial Highlights\n \n \n \n \n \n · \n Total revenue for the year increased by a strong 132 %, to £ 54.8 million (ZAR 1.1 billion)\n \n \n 1\n \n \n [2019: £ 23.6 million (ZAR 432.6 million)]\n \n \n · \n Adjusted Group EBITDA increased sharply by 132 % to £ 22.6 million (ZAR 446.4 million) (adjusted EBITDA excludes depreciation, impairments and other non-cash charges and gains)\n \n \n · \n Earnings growth of 162 % to £ 18.3 million (ZAR 361.1 million) [2019: £ 7.00 million (ZAR 128.3 million)] and a return on equity of 21.2 %, [2019: 10.5 %]\n \n \n · \n Earnings per share up 96 %, to 0.94 pence (ZAR 18.47 cents) [2019: 0.48 pence (ZAR 8.75 cents)]\n \n \n · \n Jubilee delivered strong cash flows from its operating activities of £ 19.4 million (ZAR 415.4 million) [2019: positive cash flow of £ 4.76 million (ZAR 84.79 million)]\n \n \n · \n During the year under review, a total of £ 26.1 million (ZAR 557.9 million) was invested in acquisitions and purchases of property, plant and equipment, nearly doubling the previous year's total investment of £ 13.5 million (ZAR 240 million), while at the same time, a further £ 4.2 million (ZAR 89.1 million) of external debt obligations were repaid\n \n \n · \n Operating profit boosted by 226 %, to £ 15.9 million (ZAR: 313.2 million) [2019: profit of £ 4.87 million (ZAR89.38 million)], with an operating margin of 29 % (2019: 20.7 %)\n \n \n · \n Balance sheet strengthened substantially, with total assets increasing by 28 %, to £ 130.6 million (ZAR 2.8 billion) [2019: £ 102.0 million (ZAR 1.8 billion)]\n \n \n · \n Total equity increased to £ 94.2 million ...