Investor Presentaiton
11
FINANCIAL SUMMARY
Revenue
Revenue from sales for Q4 2020 was $2.2M from the sale of 56.6K tonnes of the Product, at $39 per tonne sold. Average revenue per tonne was
lower than Q4 2019 ($46 per tonne sold). The Product price is based on the current US$ Potassium Chloride price. Therefore, the reduction of
the average revenue per tonne was mainly due to the decline of the Potassium Chloride CFR (Brazil) price, from US$290 per tonne in Q4 2019
to US$250 per tonne in Q4 2020 (Acerto Limited Report).
For FY 2020, total Revenue from sales was $9.2M an increase of 52% compared to FY 2019.
Profitability
Sales increased by 76% in Q4 2020 compared to Q4 2019 and by 103% in FY 2020 FY 2019.
Cash
Operating profit increased by $1.9M in FY 2020 compared to FY 2019 and net profit after taxes increased by $1.65M in FY 2020 compared to FY
2019. 2020 was the first year that the Company recorded a net profit.
Gross margin increased to 59% in Q4 2020, compared to 36% in Q4 2019 and to 62%, compared to 48% in FY 2019.
Cash held by the Group increased by 236%, to a total of $2.2M compared to $0.7M in Q4 2019.
For FY 2020, net cash generated under operating activities was $1.0M, compared to net cash utilised of $0.7M in FY 2019, reflecting the profit
generated from sales and changes in working capital.
VERDE
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