A proposed dividend in respect of the year ending 31 December 2020 of 2.335 US cents per share, amounting to a total dividend of US$12,000,000, is subject to approval at the Hochschild Annual General Meeting to be held on 21 May 2021 and is not recognised as a liability as at 31 December 2020.
Other financial highlights include:
Strong balance sheet and financial performance despite impact of Covid-19 stoppages
Revenue of $621.8 million (2019: $755.7 million)
Adjusted EBITDA of $270.9million (2019: $343.3 million)]
Profit before income tax (pre-exceptional) of $85.8 million (2019: $103.4 million)
Profit before income tax (post-exceptional) of $62.9 million (2019: $76.8 million)
Basic earnings per share (pre-exceptional) of $0.06 (2019: $0.09)
Basic earnings per share (post-exceptional) of $0.03 (2019: $0.06)
Cash and cash equivalent balance of $231.9 million as at 31 December 2020 (2019: $166.4 million)
Net cash of $21.6 million as at 31 December 2020 (2019: net debt of $33.2 million)
