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Kenmare more than doubles profit in 2018

Kenmare Resources' (LSE:KMR) 2018 profit surged by over 100% year-on-year to US$50.9 million as the mineral sands market recovered during the year.

Kenmare more than doubles profit in 2018 Kenmare more than doubles profit in 2018 Kenmare more than doubles profit in 2018 Kenmare more than doubles profit in 2018 Kenmare more than doubles profit in 2018

A recovering mineral sands market, as well as record production and sales from Moma in Mozambique boosted Kenmare's 2018 financials

This resulted in a basic and diluted profit per share of 46c.

EBITDA for the year jumped 54% to $93.3 million.