Anglo Pacific Group PLC

Significant income, cash flow and profits growth in first half for Anglo Pacific Group

Julian Treger and Kevin Flynn of Anglo Pacific Group plc (LON:APF) caught up with Proactive to discuss the firm's first half results.

The mining royalty business reported a 300% jump in free cash flow to £18.9mln in the six months ended 30 June, compared to the same period a year earlier, including an impact of the Denison financing arrangement of £3.3bn.

Royalty income shot up 295% to £16.1mln with a record performance at the Maracás Menchen project in Brazil due to strong production and a significant improvement in vanadium prices to an average of US$5.46 per pound from US$3.15 last year.

Quick facts: Anglo Pacific Group PLC

Price: £2.11

Market: LSE
Market Cap: £382.9 m

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