Deterra Royalties Ltd (AU:DRR) has released an update.
Deterra Royalties Ltd reported a solid financial year with a 5% revenue increase to $240.5 million and a Net Profit After Tax of $154.9 million, leading to a fully franked dividend payout of 29.29 cents per share. The firm’s acquisition of Trident Royalties Plc is set to diversify its portfolio, adding 21 royalty assets, including a significant lithium project. Despite a slight production dip at Mining Area C, the company’s cornerstone asset, they have maintained strong earnings margins and are well-positioned for future growth.
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