Source - RNS
RNS Number : 7290J
Central Asia Metals PLC
13 September 2016

Central Asia Metals PLC - Update research from QuotedData

13th September 2016

Profits soar as costs slashed


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.


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NB: this note has been prepared for Central Asia Metals by Marten & Co and is for information purposes only. It is not intended to encourage the reader to deal in the security or securities mentioned in this report. Please read the important information at the back of this note. QuotedData is a trading name of Marten & Co Limited which is authorised and regulated by the FCA. Marten & Co is not permitted to provide investment advice to individual investors.

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