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Sylvania ups first half profits

Sylvania Platinum (AIM:SLP) saw its net profits for the six month to December 31 jump 29% year-on-year to US$6.95 million.

Sylvania ups first half profits Sylvania ups first half profits Sylvania ups first half profits Sylvania ups first half profits Sylvania ups first half profits

Sylvania had a good half-year financially, although operationally it disappointed

Group EBITDA rose 19% to $12.3 million, while revenue also climbed 14% to $32.1 million a result of the higher basket price, also up 14% to $1,201 per ounce.