Financial highlights for H1 FY21

• Revenue of US$72.8 million, lower than the six months to 31 December 2019 (H1 FY20) due to reduced production and timing of bulk product shipments.
•  EBITDA of US$33.9 million.
•  Net loss after tax of US$6.3 million, impacted by Kenyan dividend withholding tax of US$4.5 million incurred on repatriation of surplus cash from operations to the Company.
•  Debt reduced by US$50.0 million as COVID-19 uncertainties subside, with the remaining US$25.0 million scheduled for repayment in March 2021.
•  Payment of the Company’s maiden dividend in October of AUD 3.5 cents per share totalling US$29.8 million.
•  Free cashflow of US$18.3 million (Operating cashflows of US$31.1 million less investing cashflows of US$12.8 million).
•  Net cash position of US$74.6 million as at 31 December 2020.

PRESENTATION

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02343901-6A1021187?access_token=83ff96335c2d45a094df02a206a39ff4

Disc: I have a small holding, 

Although badly hit by covid, their outlook is good and they are paying a 3cps(unfranked) div