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Mar 22 2023, 07:10 GMT
Kenmare
FY22 results – another record year of financial performance
DAVY VIEW
FY22 marks the second successive year of record profit growth for Kenmare Resources. While cost pressures increased in FY22 (fuel, labour), this was more than offset by a 42% increase in aggregate average selling price across its products. FY23 guidance has been maintained – market demand for its products remains ‘buoyant’, albeit at modestly lower levels than the Q322 peak. We currently envisage limited changes to our current forecasts.
