Friday February 21, 2020

Kenmare says first-half operating loss narrows to $24.9 million

The exploration group said the ilmenite market has shown signs of recovery in recent months

24th August, 2016
Kenmare managing director Michael Carvill

The exploration group reported revenue of $56.2 million, down from $73.9 million in the same period last year, due to lower average prices and a reduced value sales mix. Earnings before interest, tax, depreciation and amortisation (EBITDA) were a negative $10.7 million compared to negative $10.6 million in the first half of 2015.

The company, which said total shipments of finished products rose by seven per cent to a new half-yearly record of 441,700 tonnes, said the ilmenite market has...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

The narrative of the Sinn Féin surge suggests that politics in Ireland is becoming more polarised like in the US and Britain, but the reality is far more complex

Colin Murphy | 5 days ago

Bank chief McDonagh says move would create better work environment for young parents and people with caring responsibilities

Killian Woods | 5 days ago

Despite a belated show of independence, the US attorney general has been a willing pawn in Trump’s interference in criminal investigations being carried out by the Department of Justice

Marion McKeone | 5 days ago