Production increases and higher sales volumes drove revenue and profits at mining firm Kenmare Resources to record levels for a half year.
The Dublin and London listed group reported a 51% increase in revenue for the six months to the end of June to $178.2 million with 44% higher sales volumes and sales prices that were up 5%.
It reported an after tax profit of $48 million, a significant increase on the $12.7 reported at the same time last year.
Kenmare Resources plc (LON:KMR) is an established mining company, which operates the Moma Titanium Minerals Mine, located on the north east coast of Mozambique.