LONDON (dpa-AFX) - Ireland's mining company Kenmare Resources plc (KMR.L) Thursday reported lower profit for the full year, reflecting higher net finance costs, foreign exchange losses and increased depreciation charges. However, revenues grew 3 percent from last year on increased average sales price.
The group's pre-tax profit for the year slid to $50.0 million from $56.1 million last year. Profit attributable to equity holders was $44.8 million or $0.40 a share versus $50.9 million or $0.46 a share last year.
For the full year, revenues grew 3 percent to $270.9 million from $262.2 million, due to an increased average sales price, partially offset by reduced volumes.
The Group said its maiden full-year 2019 dividend of 8.18 US cents per share comprises of a 2.66 US cents of interim dividend, paid in October 2019, and a final dividend of 5.52 US cents per share, to be paid in May 2020.
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