- Anglo Pacific Group touted an increase in dividends after half-yearly profits more than doubled thanks to a sharp jump in revenues.

'The strong results for the first half should lead to an increase in the full year dividend for 2019 to a minimum of 9p per share,' the company said.

For the six months ended 30 June 2019, pre-tax profit rose to £41.20m from £18.58m as revenues rose 64% to £31.3m, led by record revenue from Kestrel as the new owners appear to be on track to deliver their ambitions to increase production in 2019 by 40%, the company said.

'Although Kestrel accounted for the majority of our revenue in H1 19, we were also pleased to see the revenue from our most recent acquisition, LIORC, outperform our expectations,' the company said. 'The £3.2m received in H1 19 alone represented an underlying yield of ~16% on an annualised basis.'

At 9:06am: [LON:APF] Anglo Pacific Group PLC share price was +10p at 190p

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