Business
Unaudited interim results
Unaudited interim results.
About this update from Jubilee Metals Group Plc
[{"type":"text","content":"\n \n \n RNS Number : 6876H\n Jubilee Metals Group PLC\n 26 March 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 (\"Jubilee\" or \"the Company\")\n \n \n \n \n \n \n \n \n \n \n \n \n Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR).\n \n \n Not for release, publication or distribution in whole or in part in, into or from any jurisdiction where to do so would constitute a violation of the relevant laws or regulations of such jurisdiction.\n \n \n \n \n \n \n UNAUDITED INTERIM RESULTS\n \n \n FOR THE SIX MONTHS ENDED 31 DECEMBER 2019\n \n \n \n \n \n Our thoughts and best wishes go out to all during these unprecedented times.\n \n \n \n \n \n Jubilee Metals Group \n (\"Jubilee\" or the \"Company\" or the \"Group\")\n , the AIM and Altx traded metals processing company\n \n is pleased to announce its unaudited interim results of the Group for the six months ended 31 December 2019.\n \n \n \n \n \n HIGHLIGHTS \n \n \n \n \n \n Financial highlights\n \n \n \n \n \n · \n Group earnings increased 778 % to £ 6.67 million (ZAR 115.2 million) (2018: £ 0.76 million (ZAR 13.2 million))\n \n \n · \n Cash generated from operations up 570 % to £ 4.89 million (ZAR 84.7 million) (2018: £ 0.73 million (ZAR 12.5 million))\n \n \n · \n Revenue increased 205 % to £ 25.40 million (ZAR 439.4 million) (2018: £ 8.32 million (ZAR 143.9 million)) \n \n \n · \n Attributable group earnings increased 146 % to £ 9.85 million (ZAR 170.4 million) (2018: £ 4.0 million (ZAR 69.9 million))\n \n \n · \n The group balance sheet strengthened further on the back of the strong financial performance and large strategic investments, with total assets standing at £ 118.8 million, up from £ 102 million at the end of June 2019, total equity increasing by 12 % to £ 88 million, for the same period, maintaining a high 74 % equity ratio (30 June, 2019: 77 %) \n \n \n · \n The group paid a substantial £ 17.7 million in cash for investments made during the period under review, whilst at the same time reducing external debt by £ 2.2 million, keeping the net gearing ratio at a low 0.3 % \n \n \n · \n ...