The Board has declared an interim dividend of 4.0 US cents per share in respect of the first half of 2019, down from 6.0 US cents. KAZ Minerals PLC, the parent company of the Group, is a non-trading investment holding company and derives its profits from dividends paid by subsidiary companies.
Other financial highlights include:
Revenues of $1,052 million (H1 2018: $1,098 million)
- Production-driven 3% increase in copper sales volumes, offset by 11% lower LME copper price
EBITDA of $620 million representing a 59% margin (H1 2018: $690 million, 63% margin)
Operating profit of $410 million (H1 2018: $464 million)
Industry leading first quartile net cash cost of 80 USc/lb (H1 2018: 82 USc/lb)