Highlights included a 75percent increase in combined first half revenue to R263.9million from the second half of 2018. Combined operational earnings increased 47percent R103.7m from the previous period.
The London and JSE-listed Jubilee’s share price was up 1.72 percent to 59cents on the local bourse yesterday.
The company is moving from reporting on a quarterly basis to a detailed consolidated six-monthly operational and financial review, which, according to a note from Shard Capital on Jubilee’s website, “will provide more clarity going forward while removing the onerous process of quarterly reporting”.
“Such a marked increase in revenue reflects our focus on increasing and diversifying our earnings base and maintaining strong margins. This has been achieved through a considerable uplift in production figures across our portfolio, both in chrome and PGMs (platinum group metals),” said Coetzer.