Kenmare boss sees pay rise to $1.6m as profits surge
Company's revenues, in millions, last year
Kenmare Resources managing director Michael Carvill's total remuneration package edged higher to $1.6m (€1.4m) last year as he benefited from increased long-term incentives and basic pay, according to the mining group's annual report.
The package compared to the $1.52m he received in 2017.
Chairman Steven McTiernan said Kenmare has become "significantly stronger and more resilient" with a "robust performance" in 2018.
Mr Carvill's remuneration package in 2018 included a basic salary of $649,000, a cash bonus and deferred shares of $375,000, and long-term incentive awards of just over $560,000.
Kenmare Resources owns and operates the Moma ilmenite mine in Mozambique. Last year, its revenue was up 26pc at $262.2m, while its profit after tax was 162pc higher at $50.9m. In February, a former deputy chairman of Kenmare Resources, Donal Kinsella, had a €10m libel payout awarded to him against Kenmare in 2010 slashed by the Court of Appeal to €250,000.