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HOOK (dpa-AFX) - Serco Group Plc (SRP.L), a provider of services to governments, announced Thursday that it expects fiscal 2020 underlying trading profit or UTP to grow by around 35 percent to 160 million pounds to 165 million pounds, consistent with previous guidance. The margin is expected to increase by around 40 basis points to slightly above 4 percent.
Further, revenue for the year is expected to grow by 19 percent to 3.9 billion pounds, with organic growth of 16 percent.
Looking ahead for fiscal 2021, the company expects revenue and UTP to be slightly higher than 2020, reflecting a similar performance for the existing business and a small increase from the acquisition of Facilities First in Australia.
About Serco Serco is a leading provider of public services. Our customers are governments or others operating in the public sector. We gain scale, expertise and diversification by operating internationally across five sectors and four geographies: Defence, Justice & Immigration, Transport, Health and Citizen Services, delivered in UK & Europe, North America, Asia Pacific and the Middle East. More information can be found at www.serco.com Forward looking statements This announcement contains statements which are, or may be deemed to be, forward-looking statements which are prospective in nature. All statements other than statements of historical fact are forward-looking statements. Generally, words such as expect , anticipate , may , could , should , will , aspire , aim , plan , target , goal , ambition , intend and similar expressions identify forward looking-statements. By their nature, these forward-looking stat
[Chifeng Gold s proposed acquisition of Bibiani Gold has reached an acquisition agreement with Resolute Mining] China Chifeng Jilong Gold Mining Co., Ltd. has reached a $105 million acquisition agreement in Ghana to acquire Resolute Mining s Bibiani Gold Mine, which is expected to be completed by March next year.
The content below was translated by Tencent automatically for reference.
SMM12: China Chifeng Geelong Gold Mining Co., Ltd. has reached a $105 million acquisition agreement in Ghana to acquire Resolute Mining s Bibiani Gold Mine, which is expected to be completed by March next year. The deal also needs to be approved by the Australian Foreign Investment Review Board ((Australian Foreign Investment Review Board)) and the governments of China and Ghana.
Market close: Energy stocks in good demand
16 Dec, 2020 04:40 AM
4 minutes to read
Leading energy stocks were pursued by overseas investors. Photo / File
NZ Herald
By: Graham Skellern
The New Zealand sharemarket roared back into life, rising nearly half a per cent on strong trading with the leading energy stocks being pursued by overseas investors. The S&P/NZX 50 Index climbed 61.82 points or 0.48 per cent to 12,828.99, after two days of falls and hitting an intraday low of 12,761.33. There were 88 gainers and 53 decliners over the whole market, with 107.5 million shares worth $314.6 million changing hands.
Matt Goodson, managing director of Salt Funds Management, said there was a reasonable overnight in the United States (the Dow Jones Industrial Average rose 1.13 per cent to 30,199.31) and the New Zealand and Australian markets bounced back after being quite weak at the close the day before.
Resolute Mining sells Bibiani to Chinese group
Employees at Resolute Mining s Syama project in Mali. Credit: Resolute Mining.
Australia’s
Resolute Mining (LSE: RSG; ASX: RSG) has agreed to sell its Bibiani gold mine in Ghana to China’s Chifeng Jilong Gold Mining for US$105 million in cash.
The Western Australia-based miner has received a US$5 million deposit upfront, with the remainder expected upon completion of the transaction, which is expected in March 2021.
Resolute Mining acquired Bibiani in 2004, but placed it on care and maintenance shortly after to allow exploration activities to further develop the asset into a large-scale operation.