tiprankstipranks
Trending News
More News >

Goldplat Reports Strong Interim Profits Amid Revenue Decline

Story Highlights
Goldplat Reports Strong Interim Profits Amid Revenue Decline

Elevate Your Investing Strategy:

Goldplat ( (GB:GDP) ) has shared an update.

Goldplat plc announced its unaudited interim results for the six months ended December 31, 2024, reporting a strong operating profit despite a 20.9% decrease in revenue to £29,596,000. The revenue decline was attributed to changes in the business model in Ghana, requiring local beneficiation of gold, and disruptions from the Precious Metals Marketing Company. Nevertheless, net profit from continued operations grew by 20.2% to £1,407,000, and earnings per share increased by 18.6%. The company is focusing on expanding its market share in Africa and South America, increasing local beneficiation in Ghana, and developing operations in Brazil. Investments in plant capacity and operational changes are expected to normalize inventory levels in Ghana, while efforts continue to enhance market presence in South Africa and neighboring countries.

More about Goldplat

Goldplat plc is a mining services group listed on the AIM, with international gold recovery operations located in South Africa and Ghana. The company serves the African and South American mining industries, focusing on gold recovery and beneficiation.

YTD Price Performance: 4.14%

Average Trading Volume: 188,126

Technical Sentiment Signal: Sell

Current Market Cap: £12.67M

For a thorough assessment of GDP stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1