Sylvania Platinum Limited (SLP) Declared Strong Results For FY 2019

The company reported net revenue of US$70.5 million, up 12% year over year. Group’s EBITDA improved by 36% over that in FY 2018 to $30.2 million. Basic earnings per share grew 66% to 6.37 US cents per share compared to 3.83 US cents per share in FY 2018.

The company repurchased a total of 645,293 ordinary shares in FY 2019.  At the end of the reporting period, group’s cash balance stood at $21.8 million with no debt.

On 2nd September 2019, at the time of writing, GMT 08:26 AM, SLP shares were trading at GBX 44.50, up by 1.50 points or 3.49% against the previous day closing price.