LONDON - Goldplat plc (AIM:GDP), a mining services group with operations in South Africa and Ghana, announced Thursday that its profits before tax for the fiscal year ending June 30, 2024, are expected to reach approximately GBP 6 million, surpassing market expectations. This forecast comes as a result of revenue adjustments during the company's year-end audit process.
The adjustments include the advancement of some revenue initially recognized in the first quarter of the fiscal year 2025 to the fourth quarter of fiscal year 2024. This change is due to the finalization of assays related to provisional revenue from the earlier period. The company, which services the mining industry across Africa and South America, stated that these and other adjustments were identified during the year-end procedures.
Goldplat's anticipated profit before tax reflects a positive outcome for the company, and further details will be provided in the audited annual results, which are scheduled to be published by the end of December 2024.
The announcement is based on a press release statement and is considered inside information under the UK Market Abuse Regulation. This information is now public following the release of this statement. Goldplat's performance is being closely watched by investors, as the company plays a significant role in the gold recovery sector.
The financial figures presented are preliminary and subject to confirmation in the forthcoming audited financial statements. The company's operations in South Africa and Ghana are central to its business model, focusing on the recovery of gold from the by-products of the mining process.
As the company prepares to disclose its full-year financial results, stakeholders and investors will be looking for further insights into its operational performance and strategic direction moving forward. Goldplat's update offers a glimpse into the company's financial health and its ability to exceed market expectations in a challenging economic environment.
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