Goldplat PLC
GDP
ISIN GB00B0HCWM45 / Valor 2283293
Goldplat PLC
UMushroom community rating:
About company
Goldplat plc is a distinguished entity in the gold recovery sector, recognized for its profitable operations and strategic presence on the AIM stock exchange. The company operates two principal facilities in South Africa and Ghana, positioning itself as a leader in the gold recovery services industry within these regions. Managed by a team of seasoned professionals with extensive experience in the mining sector, Goldplat is dedicated to leveraging its expertise to enhance its core gold recovery operations. The company's strategic focus is on capitalizing on the robust revenue growth from these operations while also aiming to broaden its geographical reach across Africa. This expansion strategy is designed to tap into the continent's significant primary gold production, indicating Goldplat's ambition to consolidate and extend its market leadership in the gold recovery domain.
Summarized from source with an LLMView SourceSector: Non-Energy MaterialsLatest Results (14.08.2024):
Revenue Growth
Goldplat PLC reported a significant increase in revenue for the six-month period ended 31 December 2023. The company's revenue surged by 82% to £37,402,000 compared to £20,597,000 in the same period of the previous year. This growth was primarily driven by a 167% increase in revenue from the Ghanaian recovery operations, despite a 9% decrease in revenue from the South African operations.
Operating Profit
Goldplat PLC achieved a strong operating profit of £2,967,000 for the six-month period ended 31 December 2023. This represents an increase from the £2,813,000 operating profit recorded in the same period of the previous year. The company managed to maintain profitability despite facing challenging circumstances in South Africa.
Net Profit
The net profit attributable to owners of Goldplat PLC from continued operations for the six-month period ended 31 December 2023 was £1,171,000. This is a decrease from the £1,742,000 net profit reported in the same period of the previous year. The decrease in net profit was influenced by higher interest expenses and foreign exchange losses.
Earnings Per Share
Goldplat PLC reported fully diluted earnings per share of 0.70 pence for the six-month period ended 31 December 2023. This is a decrease from the 1.02 pence per share reported in the same period of the previous year. The decline in earnings per share reflects the impact of increased interest expenses and foreign exchange losses on the company's profitability.
Cash Balance
As of 31 December 2023, Goldplat PLC's net cash balance stood at £1,689,000, down from £2,782,000 as of 30 June 2023. The decrease in cash balance was largely due to a reduction in trade payables and the use of cash to settle amounts owed to inventory suppliers and invoice financing creditors. The company also invested £793,000 in capital expenditure during the period, primarily for the construction of a new tailings storage facility in South Africa and refurbishment of one of the circuits.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
13 M
Market cap (USD)
100,140
Daily traded volume (Shares)
0.0645 / 0.0645
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
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Ratings & reviews
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