Business
Audited results for the year ended 30 June 2021
Audited results for the year ended 30 June 2021.
About this update from Jubilee Metals Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 2975U\n Jubilee Metals Group PLC\n 02 December 2021\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 2 December 2021\n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n \n \n \n \n \n Jubilee Metals Group Plc\n \n \n (\"Jubilee\" or the \"Company\" or the \"Group\")\n \n \n \n \n \n Audited results for the year ended 30 June 2021\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 2021. \n \n \n \n \n \n Financial Highlights\n \n \n \n \n \n o \n Total revenue for the year increased by a strong 143% to £ 133 million (ZAR 2.8 billion)1 (2020: £ 54.8 million (ZAR 1.1 billion))\n \n \n o \n Attributable operational earnings2 growth of 183% to £ 71 million (ZAR 1.5 billion) (2020: £ 25 million (ZAR 494.5 million)) and a return on equity of 35.4%, compared with 21.2% in the previous year\n \n \n o \n Adjusted3 profit before tax up 324% to £ 52 million (ZAR 1.1 billion) (2020: £ 12.3 million (ZAR: 242 million))\n \n \n o \n Profit after tax adjusted for non-cash expenses including impairments, gain on bargain purchase and share based payments up 194% to £ 49 million (ZAR 1 billion) (2020: £ 17 million (ZAR: 331 million))\n \n \n o \n Adjusted earnings per share up 163% to 2.25 pence (ZAR 46.66 cents) (2020: 0.86 pence (ZAR 16.9 cents))\n \n \n o \n Revenue and earnings growth was achieved during a period of substantial infrastructure investment, integration and planned operational downtime and has provided a tremendous platform for further future growth\n \n \n o \n Jubilee delivered strong cash flows from operating activities of £ 23.8 million (ZAR 108 million) (2020: positive cash flow of £ 19.4 mi...