Final Results
Ryanair Holdings PLC
10 June 2002
RYANAIR RESULTS SIGNIFICANTLY EXCEED EXPECTATIONS FOR YEAR ENDED 31 MARCH 2002
TRAFFIC GROWS BY 38%, PROFITS RISE BY 44%
Ryanair, Europe's largest low fares airline today (Monday, 10th June 2002)
announced financial results for the year (end Mar 31, 2002) which are
significantly better than the consensus of analysts expectations. After tax
profits for the year have risen by 44% to a new record of €150.4m.
Passenger traffic grew by 38% to 11.10m and load factors rose to 81%. Average
fares declined (as predicted) during the year by 8%, due to the impact of foot
and mouth disease and 11th September.
Summary Table of Results (Irish GAAP) - in Euro
Year End Mar 31, 2002 Mar 31, 2001 % Increase
Passengers 11.10m 8.10m 38%
Load Factor 81% 77% 4%
Revenue €624.10m €487.40m 28%
Profit after tax €150.40m €104.50m 44%
Basic EPS (Euro Cent) 20.64 14.81 39%
In addition to the strong traffic figures, a vigorous performance by ancillary
revenues (up 34%) contributed to robust revenue growth of 28% to
€624.10m. Unit costs continued to be reduced, particularly marketing and
distribution costs which actually declined by 42% (despite 38% traffic growth)
thanks to the successful development of RYANAIR.COM, Europe's biggest travel
website. Total operating costs increased at a lower rate than revenues despite
the launch of 22 new routes and two European bases at Brussels Charleroi and
Frankfurt Hahn.
Unlike almost all other carriers during the period, operating margins actually
increased by 3% points from 23% to 26% whilst net margins also increased from
21% to 24%. Profit after tax has risen dramatically by 44% to €150.4m,
despite the period being one of the worst in aviation history. Earnings per
share grew by 39% to 20.64 cent per share.
Announcing these results in London, Ryanair's CEO, Michael O'Leary said:
'This is another set of outstanding financial results from Ryanair, despite
the impact on the airline sector of both the foot and mouth outbreak in the
UK, and the tragic events of 11 September in the U.S. These two events
adversely impacted all airlines, so our increase in passengers and profits
last year is further testimony to the robustness of Ryanair's - unique low
fares formula in Europe. No other airline in Europe can match Ryanair's low
fares, our costs, or our profitability.
'During the past year Ryanair took delivery of 10 new Boeing 737-800
aircraft, and successfully opened two new Continental European bases at
Brussels Charleroi and Frankfurt Hahn. In addition, we recently launched
8 new routes from London Stansted including one to a new country, Holland,
with daily services to Eindhoven. Ryanair's overnight success in the German
market has surprised even ourselves. In the first months of operation our
Frankfurt Hahn base is enjoying load factors of 80%, primarily because our
airfares are up to 80% lower than those of Lufthansa and Deutsche BA. Many
German consumers are travelling distances of over 200kms just to avail of
Ryanair's low fares. We now expect to carry about 2m. passengers on our
German routes alone this year. Ryanair's immediate success in Germany
highlights yet again the consumer behaviour law already established by
Southwest Airlines and Wal-Mart, namely that customers will flock to out of
town secondary locations in order to avail of lower prices and avoid
congestion. This is as true for airports as it has always been for
supermarkets, and just like Southwest and Wal-Mart, nobody, but nobody beats
Ryanair's prices.
'Many of the so called experts (most of whom seem to work for Lufthansa) who
predicted that Ryanair's low fares would not 'take off' in Germany, appear
to have ignored the tremendous success of low price retailers such as Aldi,
Lidl McDonalds and IKEA in the German market. German consumers love a
bargain and now that there is a real choice over Lufthansa's high fares,
they are flocking in their hundreds of thousands to Ryanair.
' Our rigorous control of costs and the reductions achieved in the aftermath
of September 11 enabled Ryanair to further lower air fares by 8% during the
year and still deliver an increase in profits by 44% to €150.4m. At
the same time net margins were increased by 3% points to an industry leading
24%.
'Our timely order in January for up to 150 new Boeing 737-800 aircraft (100
firm and 50 options) will ensure that Ryanair has the fleet to enable us to
deliver strong growth over the next 8 years and become Europe's largest
carrier with over 40 million passengers per annum.
' Ryanair has for some time believed that there would be consolidation in
the European low fare industry and that one or two very big low fare
carriers would emerge. Following the Easyjet acquisition of GO (and possibly
DBA) Ryanair will be the only ' low fares' European carrier as the following
table highlights.
Easyjet GO Easyjet Group(1) Ryanair(2)
Yr to 31/3/02 Yr to 31/3/02 Pro-forma Yr to 31/3/02
Passenger Nos. 8.2 4.1 12.3 11.1
Average Fare £50 £54 £52 £33
Revenues (£m) 408 233 641 381
Profit bef. tax(£m) 51 14 65 105
(1) Easyjet and GO numbers are taken directly from the Easyjet
acquisition/rights issue announcement.
(2) Ryanair figures have been restated in £ Sterling for comparative
purposes.
'Easyjet's average fare is almost 60% higher than Ryanair's and yet our
margins are more than double theirs. Ryanair's cost base is substantially
lower than Easyjet or GO or any other airline in Europe and is continuing to
decline on a per seat basis. The cost gap is getting wider and in this
consumer service business, whether it is Southwest, Wal-Mart or Ryanair,
the lowest cost operator wins. Ryanair is the largest low fares carrier in
Europe, whereas the new Easyjet group will be just another high fares
airline.
'Our successful expansion from our Brussels and Frankfurt bases as well as
our continued strong growth at established bases in London, Glasgow and
Shannon has resulted in our traffic growth significantly exceeding our
20% -25% target. We envisage this strong growth continuing for the next two
years when we expect traffic to grow at a rate of 30% -35% per annum before
steadying back at 25% per annum thereafter. This growth is being underpinned
by the increasing gap between Ryanair's airfares and those of all our
competitors, and the continuing tendency of our high fare and not so low
fare competitors to focus on high cost, inefficient, congested airports
which will increase their costs and their fares.
'Since Ryanair will continue to reduce fares, the price gap between us and
all of our competitors is getting wider. As these robust results
demonstrate, Ryanair is and will continue to be the fastest growing, most
profitable, and lowest cost, low fares airline in Europe'.
ENDS. Monday, 10th June 2002
For results and further information
please contact:
Ryanair Holdings Plc
Howard Millar
Tel: 353-1-8121212
Murray Consultants
Pauline McAlester
Tel: 353-1-6633332
www.Ryanair.com
The Company has undertaken to notify the shareholders of the percentage of
ordinary shares held by EU nationals. Accordingly the Board is satisfied that on
the 31st March 2002, not less than 50.1% of the ordinary shares on a fully
diluted basis were held by EU nationals. On the 7th February 2002 last, the
Board announced that all Ryanair ordinary shares acquired by parties who do not
certify that they are EU nationals would be designated as 'restricted shares'
and the acquirer of such shares would be required to dispose of such shares to
an acquirer who is an EU national. This measure will further increase the level
of EU ownership of Ryanair ordinary shares.
Certain of the information included in this release is forward looking and is
subject to important risks and uncertainties that could cause actual results to
differ materially. It is not reasonably possible to itemise all of the many
factors and specific events that could affect the outlook and results of an
airline operating in the European economy. Among the factors that are subject to
change and could significantly impact Ryanair's expected results are the airline
pricing environment, fuel costs, competition from new and existing carriers,
market prices for replacement aircraft, costs associated with environmental,
safety and security measures, actions of the Irish, U.K., European Union ('EU')
and other governments and their respective regulatory agencies, fluctuations in
currency exchange rates and interest rates, airport access and charges, labour
relations, the economic environment of the airline industry, the general
economic environment in Ireland, the UK and Continental Europe, the general
willingness of passengers to travel and other economics, social and political
factors.
Ryanair is Europe's largest low fares airline with 76 low fare routes across 13
countries. Ryanair has a fleet of 42 Boeing 737's, and firm orders for up to a
further 107 new 737-800's which will be delivered over the next 8 years. Ryanair
currently employs a team of 1,500 people and will carry over 13 million
scheduled passengers in the current year. www.RYANAIR.COM was launched in
January 2000 and is already Europe's largest travel website.
Ryanair Holdings plc and Subsidiaries
Financial results for the year ended March 31, 2002
CONTENTS
Page
Consolidated Profit & Loss Accounts for year in accordance with UK & Irish GAAP 1
Consolidated Balance Sheets in accordance with UK & Irish GAAP 2
Consolidated Cashflow Statements in accordance with UK & Irish GAAP 3
Reconciliation of movement in Shareholders' funds- Equity 4
Consolidated Profit & Loss Accounts in accordance with US GAAP 5
Summary of significant differences between UK, Irish and US GAAP
- Net income reconciliation 6
- Consolidated Cashflow Statements in accordance with US GAAP 6
- Shareholders' equity reconciliation 7
Ryanair Holdings plc and Subsidiaries
Consolidated Profit and Loss Accounts in accordance
with UK and Irish GAAP
Year Year
ended ended
March 31, March 31,
2002 2001
€'000 €'000
Operating Revenues
Scheduled revenues 550,991 432,940
Ancillary revenues 73,059 54,465
Total operating revenues
-continuing operations 624,050 487,405
Operating expenses
Staff costs 78,240 61,222
Depreciation and amortisation 59,010 59,175
Other operating expenses
Fuel & Oil 103,918 63,468
Maintenance, materials and 26,373 20,142
repairs
Marketing and distribution 12,356 21,526
costs
Aircraft rentals 4,021 7,286
Route charges 46,701 35,701
Airport and Handling charges 84,897 66,269
Other 45,601 38,605
Total operating expenses 461,117 373,394
Operating profit - continuing operations 162,933 114,011
Other income/(expenses)
Interest receivable and similar income 27,548 19,666
Interest payable and similar charges (19,609) (11,962)
Foreign exchange gains 975 1,621
Gain on disposal of fixed assets 527 52
Total other income/(expenses) 9,441 9,377
Profit on ordinary activities
before taxation 172,374 123,388
Tax on profit on ordinary activities (21,999) (18,905)
Profit for the year 150,375 104,483
Earnings per ordinary share
-Basic(Euro cent) 20.64 14.81
-Diluted(Euro cent) 20.32 14.63
Number of ordinary shares(in 000's)*
-Basic 728,726 705,623
-Diluted 739,961 714,196
*The Company implemented a 2:1 share split on December 7th, 2001. Share capital
and earnings per share figures have been restated to give effect to the share
split. Page 1
Ryanair Holdings plc and Subsidiaries
Consolidated Balance Sheets in accordance with
UK and Irish GAAP
March 31, March 31,
2002 2001
€'000 €'000
Fixed assets
Tangible assets 951,806 613,591
Financial assets - 36
Total fixed assets 951,806 613,627
Current Assets
Cash and liquid resources 899,275 626,720
Accounts receivable 10,331 8,695
Other assets 11,035 12,235
Inventories 17,125 15,975
Total current assets 937,766 663,625
Total assets 1,889,572 1,277,252
Current liabilities
Accounts payable 46,779 29,998
Accrued expenses and other liabilities 217,108 139,406
Current maturities of long term debt 38,800 27,994
Short term borrowings 5,505 5,078
Total current liabilities 308,192 202,476
Other liabilities
Provisions for liabilities and charges 49,317 30,122
Creditors > 1year 18,086 -
Long term debt 511,703 374,756
579,106 404,878
Shareholders' funds - equity
Called - up share capital 9,587 9,194
Share premium account 553,457 371,849
Profit and loss account 439,230 288,855
Shareholders' funds - equity 1,002,274 669,898
Total liabilities and shareholders' funds 1,889,572 1,277,252
Page 2
Ryanair Holdings plc and Subsidiaries
Consolidated Cashflow Statements in accordance
with UK and Irish GAAP
Year Year
ended ended
March 31, March 31,
2002 2001
€'000 €'000
Net cash inflow from operating activities 333,749 229,802
Returns on investments and servicing of finance 10,360 5,569
Taxation (5,071) (13,813)
Capital expenditure(including aircraft deposits) (396,662) (356,213)
Net cash (outflow) before financing
and use of liquid resources (57,624) (134,655)
Financing 329,752 404,829
(Increase) in liquid resources (251,241) (230,633)
Increase in cash 20,887 39,541
Analysis of movement in liquid resources
Liquid resources at beginning of year 564,782 334,149
Increase in year 251,241 230,633
Liquid resources at end of year 816,023 564,782
Analysis of movement in cash
At beginning of year 56,860 17,319
Net cash inflow 20,887 39,541
Net cash at end of year 77,747 56,860
Page 3
Ryanair Holdings plc and Subsidiaries
Consolidated Statement of Changes in Shareholders' Funds - Equity
in accordance with UK and Irish GAAP
Share Profit
Ordinary premium and loss
shares account account Total
€'000 €'000 €'000 €'000
Balance at April 1, 2001 9,194 371,849 288,855 669,898
Issue of ordinary equity shares
(net of issue 393 181,608 - 182,001
costs)
Profit for the year - - 150,375 150,375
Balance at March 31, 2002 9,587 553,457 439,230 1,002,274
Page 4
Ryanair Holdings plc and Subsidiaries
Consolidated Profit and Loss Accounts in accordance
with US GAAP
Year Year
ended ended
March 31, March 31,
2002 2001
€'000 €'000
Operating Revenues
Scheduled revenues 550,991 432,940
Ancillary revenues 73,059 54,465
Total operating revenues
-continuing operations 624,050 487,405
Operating expenses
Staff costs 77,025 60,081
Depreciation and amortisation 59,010 57,465
Other operating expenses
Fuel & Oil 103,918 63,468
Maintenance, materials and repairs 26,373 20,142
Marketing and distribution costs 12,356 21,526
Aircraft rentals 4,021 7,286
Route charges 46,701 35,701
Airport and Handling charges 84,897 66,269
Other 45,513 38,517
Total operating expenses 459,814 370,455
Operating profit - continuing operations 164,236 116,950
Other income/(expenses)
Interest receivable and similar income 27,548 19,666
Interest payable and similar charges (14,582) (11,962)
Foreign exchange gains 975 8,424
Gain on disposal of fixed assets 527 52
Total other income/(expenses) 14,468 16,180
Profit on ordinary activities
before taxation 178,704 133,130
Tax on profit on ordinary activities (23,155) (20,742)
Net Income 155,549 112,388
Net Income per ADS *
-Basic(Euro cent) 106.73 79.64
-Diluted(Euro cent) 105.11 78.68
Weighted Average number of shares*
-Basic 728,726 705,623
-Diluted 739,961 714,196
*The Company implemented a 2:1 share split on December 7th, 2001. Share capital
and earnings per share figures have been restated to give effect to the share
split.( Each ADS represents five ordinary shares)
Page 5
Ryanair Holdings plc and Subsidiaries
Summary of significant differences between UK, Irish and US generally
accepted accounting principles
(A) Net income under US GAAP
<-------Year ended-------->
March 31, March 31,
2002 2001
€'000 €'000
Profit as reported in the consolidated
profit and loss accounts in accordance with
UK and Irish GAAP 150,375 104,483
Adjustments
Pension 751 740
Unrealised gains on forward exchange contracts - 6,803
Employment grants 464 401
Capitalised interest re aircraft acquisition programme 5,027 -
Basis of accounting for August 1996 transaction - 1,531
Basis of accounting for aircraft acquired from Northill Limited - 179
Darley Investments Limited 88 88
Tax effect of adjustments (1,156) (1,837)
Net income under US GAAP 155,549 112,388
(B) Consolidated Cashflow Statements in accordance
with US GAAP
<-------Year ended--------->
March 31, March 31,
2002 2001
€'000 €'000
Cash inflow from operating activities 339,038 221,557
Cash (outflow) from investing activities (575,784) (360,055)
Cash inflow from financial activities 330,179 406,127
Increase in cash and cash equivalents 93,433 267,629
Cash and cash equivalents at beginning of year 389,059 121,430
Cash and cash equivalents at end of year 482,492 389,059
Cash and cash equivalents under US GAAP 482,492 389,059
Deposits with a maturity of between three and six months 416,783 237,661
Cash and liquid resources under UK and Irish GAAP 899,275 626,720
Page 6
Ryanair Holdings plc and Subsidiaries
Summary of significant differences between UK, Irish and US generally
accepted accounting principles
(C) Shareholders' funds - equity
March 31, March 31,
2002 2001
€'000 €'000
Shareholders' equity as reported in the consolidated balance
sheets (UK and Irish GAAP) 1,002,274 669,898
Adjustments:
Pension 2,414 1,663
Unrealised gains on forward exchange contracts 4,189 4,189
Employment grants (469) (933)
Capitalised interest re aircraft acquisition programme 5,027 -
Darley Investments Limited (327) (415)
Investments - 588
Unrealised gains on derivative financial instruments 8,259 -
Tax effect of adjustments (1,760) (604)
Shareholders' equity as adjusted to accord with US GAAP 1,019,607 674,386
Opening shareholders' equity under US GAAP 674,386 439,340
Comprehensive Income adjustments
Investments (588) (1,400)
Unrealised gains on derivative financial instruments 8,259 -
7,671 (1,400)
Net income in accordance with US GAAP 155,549 112,388
Stock issued for cash 182,001 124,058
Closing shareholders' equity under US GAAP 1,019,607 674,386
Page 7
Ryanair Holdings plc
Management Discussion and Analysis of Results
Year Ended March 31, 2002
Summary Consolidated Profit and Loss
Profit after tax has increased by 44% to €150.4m, compared to €104.5m in the
previous year ended March 31, 2001. Passenger volumes grew by 38% to 11.1m,
whilst Total Operating Revenues increased by 28% to €624.1m, reflecting the
impact on yields of fare promotions launched in the aftermath of September 11th,
foot and mouth, and the launch of new routes during the year.
Total Operating Expenses increased by 23% to €461.1m, due to the
increased level of activity, and the increased costs, primarily fuel, staff,
route charges and airport & handling costs associated with the growth of the
airline. Marketing and Distribution costs have continued to decline due to the
increased level of direct bookings on Ryanair.com which are currently on average
90% of total bookings. Operating Margin has as a result increased by 3% to 26%
compared to last year, and in turn Operating Profit increased by 43% to
€162.9m. Profit after Tax has increased by 44% reflecting the strong
trading performance and also the impact of the decline in the headline
corporation tax rate in Ireland during the year. For the reasons outlined Net
Margin has increased from 21% to 24% in the fiscal year.
Earnings per share has risen by 39% to 20.64 euro cent, lower than the growth in
net profit due to an increased number of shares in issue post the share
offerings in February 2001.
Balance Sheet
Cash and Liquid Resources have increased from €626.7m at March 31, 2001
to €899.3m at March 31, 2002, reflecting the increased cash flows from
the profitable trading performance, and the receipt of the proceeds of the
secondary offering amounting to €182.0m in February 2002. During the
year the company incurred capital expenditure of €396.7m part financed
by an increase of €147.8m in the level of long-term debt, and the
balance was funded from internal cash resources. Shareholders' Funds at March
31, 2002 have increased to €1,002.3m, compared to €669.9m at
March 31, 2001.
Detailed Discussion and Analysis Year Ended March 31, 2002
Profit after tax, increased by 44% to €150.4m driven by strong growth in
passenger volumes and continued tight cost control. Operating margins as a
result have increased by 3% to 26% which has resulted in Operating Profit
increasing by €48.9m to €162.9m compared to year ended March 31,
2001.
Total Operating Revenues increased by 28% to €624.1m whilst passenger
volumes increased by 38% to 11.1m.
Scheduled Passenger Revenues increased by 27% to €551.0m due to a
combination of increased passenger numbers on existing routes, the successful
launch of new bases at Brussels-Charleroi and Frankfurt-Hahn, and the
commencement of twenty two new routes during the year, primarily offset by a
reduction, as expected, in average fares due to the impact of September 11th and
the outbreak of foot and mouth.
Ancillary Revenues increased by 34% to €73.1m, reflecting strong growth
in internet related income, car rentals and other ancillary products whilst
Charter income remained static due to an increased focus on the scheduled
programme which in turn led to a reduction in seat capacity available for
charters.
Total Operating Expenses increased by 23% to €461.1m due to the
increased level of activity, and the increased costs primarily staff, fuel,
route charges and airport and handling costs associated with the growth of the
fleet and the airline. These increases were partly offset by reductions in
Marketing & Distribution costs, Depreciation and Aircraft Rental costs.
Staff costs have increased by 28% to €78.2m. Average employment
increased by 6% to 1,547 reflecting an increase in pilot and cabin crew numbers
offset by a reduction in reservation staff due to increased internet
penetration. Pilots, who earn higher than average salaries, combined with the
increase in the amount of activity based productivity pay, accounted for a
substantial proportion of the increased staff costs. Staff costs also rose due
to the impact of pay increases, which were between 3% and 7.5%.
Depreciation and Amortisation declined by €0.2m to €59.0m due to
an increase in the number of aircraft owned from 36 to 41, and the amortisation
of capitalised maintenance costs, largely offset by savings due to the increased
number of fully depreciated aircraft.
Fuel costs rose by 64% to €103.9m due to a 29% increase in the number of
hours flown, an increase in the average US$ cost per gallon of fuel, and the
adverse impact of the strengthening of the US dollar to the Euro.
Maintenance costs increased by 31% to €26.4m reflecting an increase in
the size of the fleet operated, an increase in the number of hours flown, and
the increased line maintenance costs due to the continued expansion of our
Stansted base.
Marketing and Distribution Costs decreased by 43% to €12.4m due to a
combination of an increase in the level of direct bookings via the internet, and
savings in commissions due to the cessation of travel agent bookings. This was
partly offset by a higher spend on the advertising of new routes and the two new
bases launched at Brussels-Charleroi and Frankfurt-Hahn.
Aircraft Rental Costs declined by €3.3m to €4.0m reflecting the
decline in the need to rent additional seat capacity due to the delivery of new
aircraft.
Route Charges increased by 31% to €46.7m due to an increase in the
number sectors flown, an increase in the average sector length and an increase
in the basic unit cost primarily in the UK.
Airport and Handling Charges increased by 28% to €84.9m due to an
increase in the number of passengers flown, and the impact of increased airport
and handling charges on some existing routes, offset by lower charges on our new
European routes and at our new bases.
Other Expenses increased by 18% to €45.6m, which is less than the growth
in ancillary revenues reflecting improved margins on some new and existing
products, and cost reductions achieved on other indirect costs.
Operating Margins have increased by 3% due to the reasons outlined above which
has resulted in Operating Profits increasing by 43% to €162.9m during
the year.
Interest Receivable increased by €7.9m to €27.5m reflecting the
strong growth in cash resources arising from the profitable trading performance
during the year and the receipt of proceeds from a secondary offering in
February 2002. Interest Payable increased by €7.6m due to the higher
level of debt arising from the acquisition of new aircraft.
Taxation increased in the year by €3.1m to €22.0m reflecting the
increased profitability in the year whilst the tax rate declined from 15% to 13%
primarily reflecting the reduction in the headline rate of Corporation Tax in
Ireland.
The Company's Balance Sheet continues to strengthen due to the combined benefit
of strong growth in profits and receipt of the net proceeds of the secondary
offering of €182.0m during February 2002. The Company generated cash
from operating activities of €333.7m, which partly funded the
acquisition of five 737-800 aircraft and advance payments for future aircraft
deliveries. Capital expenditure amounted to €396.7m, primarily
consisting of new aircraft additions and advance payments. Long term Debt
increased to €550.5m during the same period. Cash and liquid resources
at March 31, 2002 were €899.3m compared to €626.7 at March 31,
2001.
Shareholders' Funds at March 31,2002 have increased to €1,002.3m
compared to €669.9m at March 31, 2001.
Notes to the Financial Statements
1. Accounting Policies
During the year the Company adopted FRS 19 'Deferred Tax' which requires
full provision for deferred tax. As the Company already provides fully
for deferred tax the adoption of this standard has not had any impact on
its results.
The remaining accounting policies followed in the preparation of these
consolidated financial statements for the year ended March 31, 2002 are
consistent with those set out in the Annual Report for the year ended
March 31, 2001.
2. Approval of the Financial Statements
The Board of Directors approved the consolidated financial statements
for the Year ended 31 March 2002 on June 7th, 2002.
3. Generally Accepted Accounting Policies
The Management Discussion and Analysis of Results for the Year ended
March 31, 2002 is based on the results reported under Irish and UK GAAP.
4. Nationality Declaration
The company has undertaken to notify the shareholders twice yearly of
the percentage of Ordinary shareholders held by EU Nationals.
Accordingly, on March 31, 2002 EU Nationals held not less than 50.1% of
the ordinary shares.
This information is provided by RNS
The company news service from the London Stock Exchange
Latest directors dealings
- 8 minutes ago Touchstone Exploration Inc NPV (DI)
- 8 minutes ago Diaceutics
- 8 minutes ago Taseko Mines Limited NPV (DI)
- 8 minutes ago Taseko Mines Limited NPV (DI)
- 8 minutes ago Arecor Therapeutics