LONDON (dpa-AFX) - Kenmare Resources plc (KMR.L), on Wednesday, reported an 87% growth in revenue that amounted to $455.9 million in 2021 versus $243.7 million in 2020, driven by record shipments and a 21% increase in the average price received for Kenmare's products.
Profit attributable to equity holders for the financial year 2021 surged to $128.5 million or $1.16 per share from $16.7 million or $0.15 per share last year.
Operating profit totaled $152.9 million, higher than the previous year's $34.3 million.
The company's EBITDA soared to $216.1 million from $76.7 million in 2020, due to increased production, stronger product pricing and lower unit costs, representing a 51% EBITDA margin.
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