Kenmare Resources (GB:KMR) has released an update.
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Kenmare Resources plc reported a 33% year-on-year decrease in revenue for H1 2024 due to lower shipments and pricing, despite a robust EBITDA margin over 40% and record net cash of $58.9 million. The company, a leading global producer of titanium minerals and zircon, is on track to meet its 2024 guidance with expectations of stronger performance in the second half of the year, backed by improved shipments and customer order visibility. Kenmare also announced an interim dividend, reflecting its commitment to shareholder returns amid operational transitions and capital investments.
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