Centamin Plc: Q1 2018 Results
![Centamin Plc: Q1 2018 Results](https://www.goldseiten.de/media/goldseiten-news.jpg)
Financial(1)(2)
· Revenue for the quarter was US$172.5 million, a 23% increase compared to Q1 2017 ("YoY") and a 9% decrease compared to Q4 2017 ("QoQ"). Gold sales were 131,045 ounces, a 14% increase YoY and a 15% decrease QoQ. Average realised gold price of US$1,328 per ounce up approximately 9% YoY and 7% QoQ;
· EBITDA(1) of US$91.0 million, a 71% increase YoY and 12% decrease QoQ;
· Profit before tax of US$65.4 million, a 122% increase YoY and 20% decrease QoQ;
· Basic earnings per share after profit share ("EPS") of 3.17 US cents, a 171% increase YoY and 17% decrease QoQ;
· Operational cash flow of US$94.1 million, a 62% increase YoY and 19% decrease QoQ;
· Free cash flow(1) of US$34.5 million, an 76% increase YoY and 26% decrease QoQ, after US$28.4 million paid to Egyptian Minerals Resources Authority ("EMRA"), our state partner;
· Total capital expenditure of US$32.2 million, a 61% increase YoY and a 4% decrease QoQ, including US$7.0 million greenfield exploration and US$11.9 million of underground development and exploration; and
· Cash and liquid assets(3) of US$426.5 million at 31 March 2018, and the Company remains debt-free and unhedged.
Results Conference Call
The Company will host a conference call to discuss the results with investors and analysts at 08:30 BST today. Please find below the required dial-in details. The Results Presentation can be found on the Company website: www.centamin.com/investors/presentations/2018 ahead of the call.
Dial-in: +44 (0)203 428 1542
Toll Free: +44 (0)808 237 0040
Participant code: 99225764#
The conference call will be made available for replay by 12.00 BST on the website www.centamin.com/media/press-releases/2018/03-05-2018-conference.
To view full announcement please click on the following link: http://www.rns-pdf.londonstockexchange.com/rns/9536M_-2018-5-2.pdf
For further information, please visit the website www.centamin.com or contact:
Centamin plc Andrew Pardey, Chief Executive Officer Alexandra Carse, Investor Relations +44 (0) 7700 713 738 alexandra.carse@centamin.je | Buchanan Bobby Morse Chris Judd + 44 (0) 20 7466 5000 centamin@buchanan.uk.com |
This information is provided by RNS
The company news service from the London Stock Exchang
Source: Centamin Plc (TSX:CEE, LSE:CEY)