{"id":24913,"date":"2022-08-17T15:27:41","date_gmt":"2022-08-17T15:27:41","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/kenmare-resources-reports-higher-revenue-and-profits"},"modified":"2022-08-17T15:35:40","modified_gmt":"2022-08-17T15:35:40","slug":"kenmare-resources-reports-higher-revenue-and-profits","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/kenmare-resources-reports-higher-revenue-and-profits","title":{"rendered":"Kenmare Resources reports higher revenue and profits"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>Titanium and zircon miner Kenmare Resources has reported higher revenue and profits for the first six months of the year to the end of June.<\/p>\n

Revenue increased by 9% to $182.1 million, up from $167.8 million during the same period last year.<\/p>\n

It said this was driven by a 52% increase in the average received price to $429 per tonne, from $282 per tonne during the same period last year.<\/p>\n

Earnings before interest, taxes and amortisation (EBITA) increased 28% to $105.5 million, resulting in a 30% increase in profit after tax to $62.5 million.<\/p>\n

Michael Carvill, Managing Director of Kenmare Resources said this gave them the confidence to increase their interim dividend to USc10.98 per share.<\/p>\n

\u201cThis represents a 51% increase compared to last year\u2019s interim dividend, benefitting from the share buy-back completed in December 2021,\u201d Mr Carvill said.<\/p>\n

Mr Carvill said after a \u201cchallenging\u201d first five months of the year, production improved in May and this has continued for the 12 weeks since then.<\/p>\n

\u201cAt this run rate, we remain on track to achieve guidance, albeit at the bottom of the range,\u201d he added.<\/p>\n

\u201cWe ended the first half of the year with a robust balance sheet, having reduced net debt by $17.3 million. We expect that our financial position will continue to strengthen in H2 2022, as shipments are anticipated to increase and our order book is largely committed,\u201d Mr Carvill said.<\/p>\n

For More News And Analysis About Mozambique<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. Titanium and zircon miner Kenmare Resources has reported higher revenue and profits for the first six months of the year to the end of June. Revenue increased by 9% to $182.1 million, up from $167.8 million during the same period last year. It said this was driven by a 52% increase in […]<\/p>\n","protected":false},"author":84,"featured_media":24912,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[233,281,283],"class_list":["post-24913","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nKenmare Resources reports higher revenue and profits - Mozambique<\/title>\n<meta name=\"description\" content=\"Titanium and zircon miner Kenmare Resources has reported higher revenue and profits for the first six months of the year ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/kenmare-resources-reports-higher-revenue-and-profits\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kenmare Resources reports higher revenue and profits\" \/>\n<meta property=\"og:description\" content=\"Titanium and zircon miner Kenmare Resources has reported higher revenue and profits for the first six months of the year ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/kenmare-resources-reports-higher-revenue-and-profits\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-17T15:27:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-08-17T15:35:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/08\/postQueueImg_8-62fd0aa20b2d9.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"451\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/kenmare-resources-reports-higher-revenue-and-profits#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/kenmare-resources-reports-higher-revenue-and-profits\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Kenmare Resources reports higher revenue and profits\",\"datePublished\":\"2022-08-17T15:27:41+00:00\",\"dateModified\":\"2022-08-17T15:35:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/kenmare-resources-reports-higher-revenue-and-profits\"},\"wordCount\":239,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/kenmare-resources-reports-higher-revenue-and-profits#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/08\/postQueueImg_8-62fd0aa20b2d9.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/kenmare-resources-reports-higher-revenue-and-profits#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/kenmare-resources-reports-higher-revenue-and-profits\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/kenmare-resources-reports-higher-revenue-and-profits\",\"name\":\"Kenmare Resources reports higher revenue and profits - Mozambique\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/kenmare-resources-reports-higher-revenue-and-profits#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/kenmare-resources-reports-higher-revenue-and-profits#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/08\/postQueueImg_8-62fd0aa20b2d9.jpg\",\"datePublished\":\"2022-08-17T15:27:41+00:00\",\"dateModified\":\"2022-08-17T15:35:40+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"Titanium and zircon miner Kenmare Resources has reported higher revenue and profits for the first six months of the year ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/kenmare-resources-reports-higher-revenue-and-profits#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/kenmare-resources-reports-higher-revenue-and-profits\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/kenmare-resources-reports-higher-revenue-and-profits#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/08\/postQueueImg_8-62fd0aa20b2d9.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/08\/postQueueImg_8-62fd0aa20b2d9.jpg\",\"width\":800,\"height\":451,\"caption\":\"Kenmare Resources reports higher revenue and profits\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/kenmare-resources-reports-higher-revenue-and-profits#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/mozambique\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Kenmare Resources reports higher revenue and profits\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#website\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/\",\"name\":\"Mozambique\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/mozambique\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Kenmare Resources reports higher revenue and profits - Mozambique","description":"Titanium and zircon miner Kenmare Resources has reported higher revenue and profits for the first six months of the year ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/mozambique\/all-news\/kenmare-resources-reports-higher-revenue-and-profits","og_locale":"en_US","og_type":"article","og_title":"Kenmare Resources reports higher revenue and profits","og_description":"Titanium and zircon miner Kenmare Resources has reported higher revenue and profits for the first six months of the year ...","og_url":"https:\/\/www.africa-press.net\/mozambique\/all-news\/kenmare-resources-reports-higher-revenue-and-profits","og_site_name":"Mozambique","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2022-08-17T15:27:41+00:00","article_modified_time":"2022-08-17T15:35:40+00:00","og_image":[{"width":800,"height":451,"url":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/08\/postQueueImg_8-62fd0aa20b2d9.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/kenmare-resources-reports-higher-revenue-and-profits#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/kenmare-resources-reports-higher-revenue-and-profits"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Kenmare Resources reports higher revenue and profits","datePublished":"2022-08-17T15:27:41+00:00","dateModified":"2022-08-17T15:35:40+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/kenmare-resources-reports-higher-revenue-and-profits"},"wordCount":239,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/kenmare-resources-reports-higher-revenue-and-profits#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/08\/postQueueImg_8-62fd0aa20b2d9.jpg","keywords":["Africa Press","Africa Press-Mozambique","Mozambique"],"articleSection":["all news","economy","homepage-english","twitter"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/mozambique\/all-news\/kenmare-resources-reports-higher-revenue-and-profits#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/kenmare-resources-reports-higher-revenue-and-profits","url":"https:\/\/www.africa-press.net\/mozambique\/all-news\/kenmare-resources-reports-higher-revenue-and-profits","name":"Kenmare Resources reports higher revenue and profits - Mozambique","isPartOf":{"@id":"https:\/\/www.africa-press.net\/mozambique\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/kenmare-resources-reports-higher-revenue-and-profits#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/kenmare-resources-reports-higher-revenue-and-profits#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/08\/postQueueImg_8-62fd0aa20b2d9.jpg","datePublished":"2022-08-17T15:27:41+00:00","dateModified":"2022-08-17T15:35:40+00:00","author":{"@id":"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"Titanium and zircon miner Kenmare Resources has reported higher revenue and profits for the first six months of the year ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/kenmare-resources-reports-higher-revenue-and-profits#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/mozambique\/all-news\/kenmare-resources-reports-higher-revenue-and-profits"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/kenmare-resources-reports-higher-revenue-and-profits#primaryimage","url":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/08\/postQueueImg_8-62fd0aa20b2d9.jpg","contentUrl":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/08\/postQueueImg_8-62fd0aa20b2d9.jpg","width":800,"height":451,"caption":"Kenmare Resources reports higher revenue and profits"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/kenmare-resources-reports-higher-revenue-and-profits#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/mozambique\/"},{"@type":"ListItem","position":2,"name":"Kenmare Resources reports higher revenue and profits"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/mozambique\/#website","url":"https:\/\/www.africa-press.net\/mozambique\/","name":"Mozambique","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/mozambique\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/posts\/24913","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/comments?post=24913"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/posts\/24913\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/media\/24912"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/media?parent=24913"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/categories?post=24913"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/tags?post=24913"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}