Kenmare

FY 2018 sees material improvement in performance and profitability

  • Sectors : Resource
  • Companies : Kenmare

Ratings and price correct at time of issue.

  • Kenmare

    Closing Price: 207.0p

  • RATING 03/08/16

  • PREVIOUS RATING 07/12/15

    UNDER REVIEW

DAVY VIEW

The preliminary full year performance of the group should please shareholders. While some of this can be put down to better external market pricing, a much steadier and improved operating performance was also achieved. Not surprisingly, this combination resulted in better EBITDA and net income performances. Encouragingly, this performance looks to be maintained into 2019 and so far, the work on its expansion projects suggests that the group will also deliver these on time and budget over the next two years. Kenmare is in a better place than for some time and we believe that it continues to look very good value.

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Mar 13 2019, 07:50 GMT

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