MRG Finance UK PLC Half-year Report (9266V)

TIDM59AY

RNS Number : 9266V

MRG Finance UK PLC

12 August 2022

LEI Number: 254900VQRXK46UEV8Y97

MRG Finance UK plc

London, Monaco Resources Group SAM, the guarantor and the parent company of MRG Finance UK plc ("the Issuer"), published its results for the half year ended 30(th) June 2022 on August 12(th) 2022.

The 2022 half year report is available at https://monacoresources.com/investor-area/

Key Highlights for half year 2022

-- Group revenue increased to EUR 1,076 million (versus EUR 704 half year 2021), continuing on a strong growth trajectory

   --    Gross Profit increased to EUR 225 million (versus EUR 170 million half year 2021) 
   --    EBITDA increased to EUR 115 million (versus EUR 90 million half year 2021)

-- The Group maintains a strong liquidity position with EUR 167 million of cash and cash equivalents

Despite worldwide supply-chain challenges, inflationary pressures, and the conflict in Ukraine, the Group achieved a significant increase in earnings during H1 2022:

Ø Successful integration of newly acquired port terminals in Europe within the group's Port Infrastructure and Logistics division

Ø Significant increase in volumes across our Metals and Minerals divisions, with secondary aluminium production running at full capacity

Ø Successful expansion of our crops business across west Africa and our vanilla business in the Indian Ocean

Ø The group remains focused on delivering world class services to the natural resources industry, and strong full-year 2022 results are anticipated

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August 12, 2022 12:40 ET (16:40 GMT)

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