Centamin CEY Profit before tax for the year to the end of December grew strongly from $58,407,000 to $266,829,000, as 2016 became the 7th consecutive year of production growth. Profit sharing with the Egyptian government started in quarter 3 and a final dividend of 13.6 US cents is proposed. Production rose by 26% whilst production costs fell sharply from $713 per oz. to $513 per oz. EBITDA rose by 145% and basic earnings per share by 313%. Centamin is debt free and ends the year with $428 of free assets.
TalkTalkTelecom TALK The new fixed low price plans introduced in October have proved a success and have delivered lower churn and positive net adds, which have continued so far, into quarter 4. Early life churn rates have fallen to less than half historic rates. There has however been a short term impact on group revenue, corporate and off net and on net adds all of which fell. Excuse the jargon. it is theirs not mine. Mobile, fibre and ethernet all rose and there was strong growth in third quarter EBITDA.
A.G. Barr BAG 2016 was a challenging year for the UK soft drinks market and 2017 and no improvement is expected for 2017 which is expected to be another year of uncertain economic conditions. Like for like revenue for the year to 28th January is expected to have risen by 1.5%. The successful introduction of new products and tight cost control helped to stave off the years challenges and it is anticipated that profit expectations for the year will be met.