QuotedData has issued an update on Central Asia Metals headed: ‘Profits soar as costs slashed’.
The update says: “Despite a weak market for copper, Central Asia Metals (CAML) turned in an impressive first half 2016 performance by increasing profits and raising its half-yearly dividend. H1 2016 earnings per share was up 95% year-on-year, to US9.5c, and the company has increased its interim dividend by 22%, to 5.5p per share.
“CAML’s main asset is its Kounrad copper dump treatment operation, in Kazakhstan, which produces copper through an SX-EW plant without the need for expensive mining. In H1, the company produced a record 6,908t of copper (up 27%).
“Its already low unit costs fell by a phenomenal 40%, on higher production and exchange rate movements, firmly establishing its position as one of the lowest cost, if not the lowest, copper producer in the world.”
Full research is available at: https://quoteddata.com/2016/09/central-asia-metals-profits-soar-as-costs-slashed/
At 3:33pm: (LON:CAML) Central Asia Metals PLC share price was +5.5p at 177p
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