AGP anglo pacific group plc

Sydney - Thursday - August 31: (RWE Australian Business News) -...

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    Sydney - Thursday - August 31: (RWE Australian Business News) -
    Anglo Pacific Group plc (ASX code: AGP) lifted net profit 167 per cent
    to 11.11 million pounds for the six months to June 30 from 4.16 million
    pounds in the first half of last year.
    Operating profit was up 129 per cent to 12.41 million pounds
    from 5.43 million pounds.
    Revenue rose 121 per cent to 13.39 million pounds from 6.06
    million pounds.
    Earnings per share were 11.06 pence, up from 4.38p.
    The 2006 interim dividend is to be announced in November.
    Chairman Mr Peter Boycott said: "I am pleased to report record
    results for the first six months of 2006 and steady progress in
    expanding the group's resource projects in all sectors.
    "The board expects strong royalty receipts in the second half of
    2006 with coking coal prices expected to remain buoyant.
    "Recent record high prices for oil and gas confirm the board's
    positive stance on uranium and coal energy products.
    "The board's continued commitment to the resource sector is also
    reflected in the group's substantial exposure to base and precious
    metals."
 
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