MRG Finance UK PLC Half-year Report (9266V)
12 Agosto 2022 - 1:40PM
UK Regulatory
TIDM59AY
RNS Number : 9266V
MRG Finance UK PLC
12 August 2022
LEI Number: 254900VQRXK46UEV8Y97
MRG Finance UK plc
London, Monaco Resources Group SAM, the guarantor and the parent
company of MRG Finance UK plc ("the Issuer"), published its results
for the half year ended 30(th) June 2022 on August 12(th) 2022.
The 2022 half year report is available at
https://monacoresources.com/investor-area/
Key Highlights for half year 2022
-- Group revenue increased to EUR 1,076 million (versus EUR 704
half year 2021), continuing on a strong growth trajectory
-- Gross Profit increased to EUR 225 million (versus EUR 170 million half year 2021)
-- EBITDA increased to EUR 115 million (versus EUR 90 million half year 2021)
-- The Group maintains a strong liquidity position with EUR 167
million of cash and cash equivalents
Despite worldwide supply-chain challenges, inflationary
pressures, and the conflict in Ukraine, the Group achieved a
significant increase in earnings during H1 2022:
Ø Successful integration of newly acquired port terminals in
Europe within the group's Port Infrastructure and Logistics
division
Ø Significant increase in volumes across our Metals and Minerals
divisions, with secondary aluminium production running at full
capacity
Ø Successful expansion of our crops business across west Africa
and our vanilla business in the Indian Ocean
Ø The group remains focused on delivering world class services
to the natural resources industry, and strong full-year 2022
results are anticipated
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END
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(END) Dow Jones Newswires
August 12, 2022 12:40 ET (16:40 GMT)
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