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Earnings news gathered from trusted sources: quarterly and annual results, guidance changes and profit warnings, for people who keep their own records

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Anglo Asian Mining (LSE:AAZ) Copper Growth Drives Profit Surge

Earnings

Highlights Record copper output drives stronger financial results Demirli and Gilar support production expansion New guidance keeps copper growth firmly in focus Anglo Asian Mining has reported a major improvement in first-half financial performance, supported by record copper production and the continued ramp-up of its Azerbaijani mining operations. Anglo Asian Mining enters a stronger growth phase Anglo Asian Mining has delivered a significant improvement in its financial performance, supported by stronger copper production and the continued development of its mining operations in Azerbaijan. The companys latest results show how the expansion of its copper business is becoming increasingly important to its overall financial performance. The company recorded a sharp rise in pretax profit during the first half of the year, while revenue also increased substantially compared with the corresponding period of the previous year. The improvement was primarily supported by higher copper production, increased sales from the Demirli operation and the continued contribution of the Gilar site.

13 days ago
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