The chief executive Anglo Asian PLC (LON:AAZ), Reza Vaziri, has written to shareholders of the company, in light of his inability to be present at the company’s general meeting in London.
“2019 has been another year of consistent delivery for the company,” he said.
“Anglo Asian Mining is now a well-established, dividend paying, low cost producer of gold, copper and silver. The year demonstrated the company’s ability to deliver excellent financial performance and production whilst pursuing growth opportunities. To date, the company has also been able to weather the COVID-19 pandemic without significant disruption to its operations or performance.”
He went on to outline some of Anglo Asian’s financial achievements.
“Our impressive financial performance in 2019 was highlighted by revenues of US$92.1mln, a two per cent year-on-year increase. Profits after tax increased by over 18% to US$19.3 million and we ended the year with US$21.1mln in net cash.”
Published at Tue, 23 Jun 2020 06:55:00 +0000-Anglo Asian chief executive assesses company’s performance in letter to shareholders