26
Feb
03:13
Mount Gibson's net profit surges on record sales
Australian iron ore producer Mount Gibson Iron saw its net earnings surge amid record sales, Kallanish notes.
The firm says in a statement that its net profit surged close to 19 times to AUD 138.7 million ($90.92m) in the first half ended 31 December, 2023, from AUD 7.4m a year ago.
This is reflecting continued strong operational improvement and record sales from Koolan Island in the reporting period. The results include a pre-tax gain of AUD 35.9 mil…
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Anonymous
Very good overview of the weekly steel market.
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