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Anglo Pacific Group records positive first half

Anglo Pacific Group (LON:APF) has doubled its income in each of the last three years and 2018 is shaping up to be yet another good year for the natural resources royalty company, says its chief financial officer, Kevin Flynn.

In the first six months of the year, Anglo Pacific reported adjusted earnings of £15.4 million (US$19.8 million), or 8.56 pence per share, up 15% year-on-year.

Total royalty and financing income in the first six months ended June 30 reached £20.8 million, up 20% from the first half of 2017.

The company also completed two new acquisitions this year, bringing its principal royalty portfolio to fourteen.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.