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Kenmare more than doubles profit in 2018

Kenmare Resources' (LSE:KMR) 2018 profit surged by over 100% year-on-year to US$50.9 million as the mineral sands market recovered during the year.

Jacqueline Holman
A recovering mineral sands market, as well as record production and sales from Moma in Mozambique boosted Kenmare's 2018 financials

A recovering mineral sands market, as well as record production and sales from Moma in Mozambique boosted Kenmare's 2018 financials

This resulted in a basic and diluted profit per share of 46c. EBITDA for the year jumped 54% to $93.3 million. Managing director Michael Carvill told Mining Journal the earnings had been driven by the...

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