Hochschild Mining announce a final proposed dividend up 19% at 2.335 cents per share

DividendMax Ltd.

Hochschild Mining announce a final proposed dividend up 19% at 2.335 cents per share

Final proposed dividend up 19% at 2.335 cents per share ($12.0 million) bringing the full-year total dividend to $22.2 million (2018: $20.0 million)

Other financial highlights include:

Revenue up 7% at $755.7 million (2018: $704.3 million)

Adjusted EBITDA up 28% at $343.3 million (2018: $268.0 million)

Profit before income tax (pre-exceptional) up 89% at $103.4 million (2018: $54.7 million)

Profit before income tax (post-exceptional) up 100% at $76.8 million (2018: $38.4 million)

Basic earnings per share (pre-exceptional) up 80% at $0.09 (2018: $0.05)

Basic earnings per share (post-exceptional) up 100% to $0.06 (2018: $0.03)

Cash and cash equivalent balance of $166.4 million as at 31 December 2019 (2018: $79.7 million)

Net debt reduced by 57% to $33.2 million as at 31 December 2019 (2018 $77.4 million)

Companies mentioned