Business
Final Results
Final Results.
About this update from Jubilee Metals Group Plc
[{"type":"text","content":"\n \nRNS Number : 1511P Jubilee Platinum PLC 27 September 2013 \n \n\nRegistration number (4459850) \nJSE share code: JBL\nAIM share code: JLP \nISIN: GB0031852162 \n27 September 2013\n \n \nJubilee Platinum PLC\n(\"Jubilee\" or the \"Company\")\n \nREVIEWED PROVISIONAL RESULTS FOR THE YEAR ENDED 30 JUNE 2013\n \n \nThe Directors of JSE listed and AIM traded Jubilee, the 'Mine-to-Metals' exploration and development company, are pleased to announce its condensed reviewed provisional results for the year ended 30 June 2013. Shareholders are also advised that the Group's auditors, Saffery Champness, have reviewed these results as required by the JSE Listings Requirements. \n \nThe Company would like to clarify the timing of the announcement. The timing is in compliance with the Listings Requirements of the JSE Limited (\"JSE\") that requires the short form of the announcement to appear in print in the relevant South African press on Monday 30 September. Therefore, the full announcement must be released on the JSE today and as such we have co-ordinated the release in London.\n \n \nHIGHLIGHTS \n \nFinancial\n \n• Revenue up 28% to £4.8 million (ZAR72.0 million) (2012: £3.7 million (ZAR55.5 million)). The increase in revenue is in line with new electricity sales by Power Alt Pty Ltd (Power Alt), a 70% held subsidiary of Jubilee, to the South African national electricity public utility while maintaining production revenues at RST Special Metals Pty Ltd (RST) in Middelburg for the period under review\n \n• Gross profit up 864% to £1.9 million (ZAR28.5 million) (2012: £0.2 million (ZAR3.0 million)), which is in line with both the electricity sales and a sustainable reduction in operational overheads at RST during the period under review\n \n·&nbs...