Company Profile For Royalco Resources Limited

Royalco Resources Limited (RCO.AX) (Australia Stock Exchange)

sector: Basic Materials · industry: Precious Metals & Minerals ·

As of 23 Nov 2009

0.42AUD

Price Change

+0.00

Percent Change

+0.00%

Analyst Recommendations

Overview

Royalco Resources Limited is engaged in the management of the resource-based royalties and the exploration of mineral tenements located in the Philippines. The Company has two business segments. Royalty Rights is the primary business segment and the Company is also involved in the exploration of mineral deposits throughout the Philippines. Exploration of the mineral deposits is carried out in the Philippines through the Company’s subsidiary, Royalco Philippines Inc. Royalco Resources Limited holds a total of 11 royalty interests as of June 30, 2009. Its subsidiaries include Royalco Philippines Inc, Ginto Minerals Pty Ltd and Royalco Resources (No1) Pty Ltd.

Quick Financial Synopsis

BRIEF: For the fiscal year ended 30 June 2009, Royalco Resources Limited's revenues totaled A$8.3M, up from A$1.6M. Net income totaled A$2.7M, vs. a loss of A$391K. Revenues reflect an increase in royalty income and higher profit on sale of investments. Net income also reflects a decrease in administration expense, lower depreciation & amortisation charges and the absence of share based payments expense. The Company is engaged in mineral exploration.