(Alliance News) - Jubilee Metals Group PLC on Monday said it booked double-digit revenue growth in a first half, which was spurred on by its platinum group metals operations.
Revenue in the six months to June 30 was GBP29.4 million, an 18% increase from the second half of 2019.
Revenue from Jubilee's PGM operations surged 31% to GBP21 million, though it fell 5% to GBP8.4 million in its Chrome assets.
"During the six-month period, we have achieved a number of key milestones to both grow our PGM and chrome production footprint while also replicating the success in these commodities in Zambia with the roll-out of our copper strategy," Chief Executive Officer Leon Coetzer said.
Jubilee's London shares surged 8.4% to 3.87 pence each on Monday morning. On the JSE, they were 3.6% higher at ZAR0.86.
By Eric Cunha; ericcunha@alliancenews.com
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Jubilee Metals (JLP)