Brief: Euro Ressources Q2 Net Profit Down At 1.5 Million Euros

Euro Ressources SA

06/08/2021 07:40

Aug 6 (Reuters) - Euro Ressources SA  EURR.PA :
    * REPORTED ON THURSDAY Q2 NET PROFIT IFRS EUR 1.5 MLN
COMPARED EUR
3.3 MLN YEAR AGO
    * CASH AT JUNE 30, 2021 EUR 22.4 MILLION VS EUR 31.5 MILLION
AT
DECEMBER 31, 2020
    * Q2 IFRS EARNINGS PER SHARE EUR 0.024
    * Q2 REVENUE EUR 2.2 MILLION VERSUS EUR 5.2 MILLION
    * Q2 IFRS OPERATING EXPENSES OF EUR 0.14 MILLION VS EUR 0.21
MILLION YEAR AGO
    * OUTLOOK: 2021 ROSEBEL ROYALTY PRODUCTION ADJUSTED DOWNWARD
TO
90,000 TO 110,000 OUNCES FROM 144,000 TO 171,000 OUNCES
    * EXPECTED ROSEBEL ROYALTY REVENUES OF AROUND EUR 10.1-12.5
MILLION IN 2021
    * CASH FLOW IS EXPECTED TO BE PRIMARILY AFFECTED BY INCOME
TAX
PAYMENTS
    * MAINTAINS CERTAIN CASH AVAILABLE TO PURSUE OPPORTUNITIES
THAT
WOULD ENHANCE ITS LONG-TERM BUSINESS

Source text : https://bit.ly/3lACoU4
Further company coverage:  EURR.PA 

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