AI assistant
MINERAL COMMODITIES LTD — Earnings Release 2015
Aug 30, 2015
65371_rns_2015-08-30_46bb2085-842f-446f-8955-675b8922d16c.pdf
Earnings Release
Open in viewerOpens in your device viewer
==> picture [96 x 76] intentionally omitted <==
Mineral Commodities Ltd
ABN 39 008 478 653
40 Murray Road North Welshpool WA 6106, Australia PO Box 235, Welshpool DC WA 6986, Australia Telephone: 61 8 6253 1100 Facsimile: 61 8 9258 3601 Email: [email protected] Web: www.mncom.com.au
31 August 2015
MRC REPORTS HALF YEARLY EBITDA OF US$8M
Mineral Commodities Ltd (“ MRC ” or the “ Company ”) today announced half yearly Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) of US$8 million, Profit before tax of US$5.5 million and Profit after tax of US$3.9 million.
The result was underpinned by sales of 24,414 tonnes of Zircon/Rutile concentrate and 228,778 tonnes of Garnet concentrate. Executive Chairman Mr Mark Caruso stated “ whilst we are pleased with another solid performance in the first half of the year, there are clear areas where the operations can be optimised to further enhance the profitability of the Company.”
Mr Caruso further added; “ The Company has previously disclosed its expansion initiatives which are expected to result in an increase in total heavy mineral recovery as set out in the review of operations in the half yearly financial report”
On the back of the solid performance, the Board is assessing its capital management policy and will work towards the declaration of a maiden dividend after the full year results in early 2016.
FOR FURTHER INFORMATION PLEASE CONTACT:
Mr Mark Caruso Executive Chairman / CEO Mineral Commodities Ltd