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In 2020, the Company and its subsidiaries (together the ?Group?) recorded; Revenues of $75,403,000 (2019: $82,267,000); Operating profit of $15,148,000 (2019: $14,225,000); Profit before tax of $14,515,000 (2019: $11,712,000); Profit after tax of $8,910,000 (2019: $6,084,000); and Basic earnings per share of 5.16 cents per share (2019: 3.52 cents). Despite interruptions to operations in the first quarter of 2020 with restrictions imposed by the Chinese authorities to contain the Covid-19 pandemic, the Group recorded a 6.5% increase in operating profits on that recorded in 2019, primarily as a result of higher zinc metal prices received and reduced costs. Turnover of $75,403,000 was down $6,864,000 (8.3%) on that achieved in 2019 of $82,267,000. This reflects zinc in concentrate sales down $2,532,000 (4.6%) with 5,535 tonnes (14.6%) less zinc in concentrate sold at average prices of $174 per tonne (11.8%) higher than in 2019, as the Group benefited from rising market prices and

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