M-Spec Industrial Resources 1st Quarter Dividend and Operating Results
M-Spec Industrial Resources Ltd (MTLS) is pleased to announce a 1st quarter dividend of 10,000 ISK per share, to be paid today.
During the quarter, share net asset value increased from 691,200 ISK to 695,200 ISK. Shareholder return, including dividend, amounted to 2.0%. Mid- and high-end Advanced Materials performed well during the quarter, offsetting continued weakness from the Minerals group. Modest profit opportunities were also found in Isotopes and Mexallon during the quarter.
For the 12 month period ended March 31, share net asset value rose from 650,600 ISK to 695,200 ISK. Total return for the 12 month period, including dividends of 40,000 ISK, amounted to 13.0%.
As of March 31, M-Spec’s assets totaled 934 billion ISK, of which 83 billion ISK was in cash.
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