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Anglo Pacific increases its 2017 full year dividend by 16.7%

Investment Tools Ltd.
Anglo Pacific increases its 2017 full year dividend by 16.7%

Anglo Pacific 2017 final results

Record £37.4m in royalty income, an increase of 90% on last year (2016: £19.7m)

Free cash flow more than tripled in 2017 to £41.5m (2016: £13.4m) resulting in free cash flow per share of 23.20p (2016: 7.93p)

72% increase in adjusted earnings per share to 16.82p (2016: 9.76p) which excludes non-cash valuation items that do not impact on dividend cover

16.7% increase in the total dividend for 2017 to 7p per share (2016: 6p per share) with dividend cover, based on adjusted earnings, of 2.4x (2016: 1.6x)

Cash of £8.1m at 31 December 2017 (31 December 2016: Net debt £1.0m) after investing £29.4m, paying £15.9m dividends and repaying all outstanding borrowings

Companies mentioned

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