Net income of CAD 10.39 million, CAD 0.24 per share
Heidelberg. Almonty Industries filed today its financial statements for the year ended September 30, 2014. Net income amounted to CAD 10.39 million (EUR 7.3 million) with total revenues of CAD 29.6 million (EUR 20.8 million). This results in earnings per share of CAD 0.24. Almonty had cash and cash equivalents of CAD 14.87 million at its disposal.
The full text of the press release can be found on Almonty’s webpage www.almonty.com shortly.
Almonty operates the Los Santos mine in Spain as well as the Wolfram Camp mine in Australia. In addition, Almonty is developing the Valtreixal tin/tungsten mine in northwestern Spain with anticipated production in 2017.
Deutsche Rohstoff holds 24.9% of the Almonty share capital and in addition a CAD 7.5 million convertible bond, which can be converted into Almonty shares at a share price of CAD 1.45.
Heidelberg, 30 January 2015
Deutsche Rohstoff (Heidelberg, Germany), listed in the Entry Standard segment of Frankfurt Stock Exchange, is establishing a new primary producer. The company’s focus is placed on oil & gas and so called high tech metals such as tin, tungsten, and rare earth metals. All projects are located in political stable countries with high environmental standards. The business concept is based on redeveloping deposits, which have been well explored in the past. For more information please visit www.rohstoff.de.
Deutsche Rohstoff AG
Dr. Thomas Gutschlag
Tel. +49 6221 871 000