The CAML Board of Directors is pleased to declare an interim dividend of 6.5 pence per ordinary share, which is in line with the Company's stated policy and consistent with the previous corresponding period. This will be paid on 25 October 2019 to shareholders registered on 4 October 2019.
Other financial highlights include:
• H1 2019 dividend of 6.5 pence per share (H1 2018: 6.5 pence)
• Group gross revenue of $89.9 million (H1 2018: $102.4 million)
• Sasa C zinc equivalent cash cost of $0.47 per pound (H1 2018: $0.44 per pound)
• Kounrad C copper cash cost of $0.51 per pound (H1 2018: $0.53 per pound)
• Group EBITDA of $56.7 million (H1 2018: $64.6 million), a margin of 63% (H1 2018: 63%)
• Profit before tax of $35.5 million (H1 2018: $38.4 million)
• EPS from continuing operations of 15.42 cents per share (H1 2018: 16.37 cents per share)
• Group cash balance as at 30 June 2019 of $30.2 million3 (31 December 2018: $39.0 million)
• H1 2019 debt repayments of $19.2 million
• Group net debt as at 30 June 2019 of $100.4 million (31 December 2018: $110.3 million)
• Free cash flow of $35.5 million (H1 2018: $32.4 million)
