Monday, February 26, 2024 9:03:32 PM
In 2023, the Company recorded a net income attributable to common shareholders of $87.1 million.
This is primarily made up of income from the Company's investment in Prime of $228.0 million offset against losses from the Company's investment in associates of $47.0 million and impairment recognized to its Kenyan intangible exploration assets of $62.2 million writing these assets down to nil. The net income attributable to common shareholders in 2023 of $87.1 million has increased from a loss of $60.3 million in 2022 as the income from Prime has increased by $81.4 million and the impairment recognized in relation to the Company's intangible exploration assets in Kenya has decreased by $108.4 million. This is offset by an increase in the share of loss from investments in associates of $38.8 million.
Net income $87,000,000/approx 462,000,000 shares outstanding = $0.188 cents per share EPS.
If this is wrong, please correct me. If it's right then AOC well done!
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