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Jubilee Metals Group says four-fold jump in profit 'driven by dramatic increase in operations'

Thursday, March 25, 2021 12:09

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Jubilee Metals Group PLC’s (LON:JLP) Leon Coetzer talks to Proactive London’s Katie Pilbeam about their four-fold jump in interim pretax profit on higher PGM production and prices.

Coetzer says the company is ‘very thankful for the results’ which aren’t driven purely by buoyant metal prices but by ‘expansion of our operations, where we have dramatically increased our production’.

Pretax profit surged to £24.4mln in the six months to end December, from £6.6mln in the year-earlier period, as revenue more than doubled to £53.4mln.

Story by ProactiveInvestors

Source: http://www.proactiveinvestors.com/companies/news/944956/jubilee-metals-group-says-four-fold-jump-in-profit--driven-by-dramatic-increase-in-operations--944956.html

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