Pre-tax profits for Mineral and Financial Investments LTD (LON:MAFL) rang in at £722,000 for the six months to 31 December 2018.
That equates to 2p per share.
What’s more, the net asset value derived from Mineral and Financial’s investment portfolio and its stake in the Lagoa Salgada zinc project in Portugal has hit a record high of 12.5p.
That’s up 72.5% on the corresponding period a year ago.
The company has £750,000 cash on hand and is expecting more money to come in in due course in staged payments from joint venture partner Ascendant Resources.