07
Sep
03:00
Grange Resources earnings fall on lower revenue
Australian iron ore miner Grange Resources saw its statutory profit for the half year ended 30 June, 2020 fall 35.61% to AUD 132.2 million ($88.76m) from AUD 205.3m a year ago, Kallanish notes.
The lower profit was in tandem with its half year revenue which dropped by 24.31% to AUD 341.05m from AUD 450.57m a year ago.
The group achieved pellet production of 1.27 million tonnes in the first half, unchanged compared to a year earlier.
Its pellet sales, however,…
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Anonymous
Very good overview of the weekly steel market.
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