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Re: News - Wednesday, February 27, 2008
Anglo Pacific Group plc 2007 Preliminary Results
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Anglo Pacific Group PLC (APG), the natural resources royalties company,
today announces record preliminary results for the year ended 31st
December 2007.
Financial Highlights
� Australian coal royalty independent valuation of �60.9 million (2006:
�47.9 million)
� Total mining and exploration interests and cash increased by 49% to
�114.7 million (2006: �77.2 million)
� Realised profits from mature mining interests increased by 92% to
�25.6 million (2006: �13.3 million)
� Earnings increased by 50% to 28.72p per share (2006: 19.12p)
� Proposed final dividend increased by 16% to 4.35p per share (2006:
3.75p)
� Total dividend for the year increased by 16% to 7.35p (2006: 6.35p)
� Profit before tax increased by 53% to �33,768,000 (2006: �22,109,000)
� Profit after tax increased by 54% to �29,740,000 (2006: �19,298,000)
� Coal royalties for the year of �8.4 million (2006: �10.5 million)
� Cash of �18.9 million (2006: �9.8 million)
Operational Highlights
� New royalty packages acquired in Canada
� Substantial increase in value of strategic quoted interests
� Increased exposure to coal energy and uranium projects
� Increase in gold, base metal and PGM projects
� No debt and increased cash reserves
Commenting on the Preliminary Results, Peter Boycott, Chairman of Anglo
Pacific Group PLC said:
"2007 has been another record year for Anglo Pacific Group. Buoyant
royalty receipts together with increased profits from disposal of
non-core mining interests have once again enabled the Group to pay
record dividends to shareholders. During the year, the Group has
acquired new royalty packages as well as substantially increasing its
strategic investments and cash position.
The Group's strategy remains to develop new royalty flows from its
mining interests and to maximise shareholder value. The Board hopes to
take advantage of recent market setbacks to increase its exposure to
gold, uranium and the coal energy sector in furtherance of this
strategy."
For the full details please see the the official announcement at www.anglopacificgroup.com.
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Copyright (c) 2008 ANGLO PACIFIC GROUP PLC (APF) All rights reserved.
For more information visit our website at
http://www.anglopacificgroup.com/ or send
mailto:company.secretary@anglopacificgroup.com
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