StockMarketWire.com - Anglo Asian Mining announced its first half results this morning seeing revenues rise 8% year-on-year to $43.3 million from $40.0 million (USD).
Profit before taxation jumped from $8.1 million to $10.3 million, with net cash flow from operating activities down $10 million lower at $14.5 million, due to income tax paid of $5.2 million and an increase in inventories of $4.7 million.
The chairman of the business announced that the company performed as planned and that the stable cash generation of the group enables the company to pay dividends to shareholders and grow the business to become a mid-tier gold, copper, and silver producer.
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