Sign up United Kingdom
Proactive Investors - Run By Investors For Investors

Anglo Asian Mining posts profit for 2017 and cuts net debt

Anglo Asian Mining Plc's (LON:AAZ) Bill Morgan tells Proactive that the company, despite a loss-making first half, managed to turn profitable in the second half of 2017 and thus post a profit for the full year.

He adds that a strong cashflow also allowed the company to cut its net debt down to £18mln from £35mln at the start of the year.

Morgan also says the company is now considering paying a dividend to its shareholders.

 
Meet Anglo Asian Mining PLC, Jersey Oil and Gas PLC, Europa Oil & Gas (Holdings) Plc, ANGLE plc and Eurasia Mining plc at our event, Dublin , 22 November 2018. Register here »
View full AAZ profile View Profile

Anglo Asian Mining PLC Timeline

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use