Business
Unaudited Results for Six Months Ended 31 Dec 2021
Unaudited Results for Six Months Ended 31 Dec 2021.
About this update from Mineral And Financial Investments Ltd
[{"type":"text","content":"\n \n \n \n RNS Number : 4691G\n Mineral & Financial Invest. Limited\n 30 March 2022\n \n \n \n \n Mineral & Financial Investments Limited\n \n \n Interim Results (unaudited) for the Six Months Ended 31 December 2021\n \n \n \n \n \n HIGHLIGHTS:\n \n \n \n · \n \n Unaudited net earnings for the first 6 months of fiscal 2022 were £141,740 or 0.40p p/s\n \n \n \n · \n \n NAV per share at Dec 31, 2021 was 18.62p, up 15.7% year over year (2021: 16.09p)\n \n \n \n · \n \n The 5 Year Compound Annual Growth rate of the NAVPS +24.4% and +34.5% for NAV is outperforming comparable yardsticks\n \n \n \n · \n \n Invested capital increased by 23.6% to £6,564,169 as of December 31, 2021\n \n \n \n · \n \n Lower year on year precious metal prices in the period slowed NAV growth. \n \n \n \n ·\n \n The Company remains debt free, with a good cash balance and a growing portfolio of 25 investments in the natural resource sectors\n \n \n \n \n \n \n \n GEORGE TOWN, CAYMAN ISLANDS, March 30, 2022 -\n \n Mineral and Financial Investments Limited (LSE-AIM: MAFL) \n (\"M&FI\" or the \"Company\") is very pleased to announce its unaudited interim results for the six months ended 31 December 2021. \n \n \n \n The Company generated a H1-2022 after-tax profit of £141,740 and a fully diluted EPS of 0.40p per share, this compares with H1-2021 net earnings of £207,416 or 0.59p per share. The Net Asset Value Per Share (NAVPS) as at the end of the December 31, 2021, quarter was 18.62p, up 15.7% from last year's NAVPS for the same period of 16.09p. The Net Asset Value per share has grown at an average of rate of 24.4% per year on a compounded basis since 31st December 2016, while the overall Net Asset Value (NAV) has grown at a compound annual rate of 34.5%. \n \n \n \n \n \n \n M&FI NAVPS vs. FTSE 350 Mining Index & GSCI - Indexed Performance\n \n \n (Chart 1)\n \n \n \n http://www.rns-pdf.londonstockexchange.com/rns/4691G_1-2022-3-29.pdf\n \n \n \n \n \n \n CHIEF EXECUTIVE'S STATEMENT:\n \n \n \n The Company has a strong cash position of £232,303, as we reinvested much of the cash inflow in the final quarter of the previous financial year but still retain adequate cash resources. Our modest NAV growth Quarter on Quarter was despite a decline in precious metal prices on a quarter over quarter ba...