Royalty streaming firm Anglo Pacific Group has reported strong results for the first half of 2016, more than doubling free cash flow and narrowing its net loss, which was helped by a weaker pound and higher royalty income.
For the interim period ended June 30, the London, UK-based firm reported a net loss of £5.4-million, or 3.18p a share, compared with a net loss of £8.8-million, or 5.81p a share for the same period a year earlier. The net loss in the period was mainly owing to a £10.2-million impairment booked on the company’s Kestrel royalty, in Australia, by operator Rio Tinto.
