Fenix Resources Reports Robust Financial Growth

Fenix Resources Limited (AU:FEX) has released an update.

Fenix Resources Limited celebrated a year of strong financial growth, with iron ore sales driving a 36% increase in EBITDA to $73.2 million and a 15% rise in net profits after tax to $33.6 million. The company’s Iron Ridge performance hit record levels, contributing to total revenues of $259 million, up 32% from the previous year. With a robust balance sheet featuring $77 million in cash, Fenix is well-positioned to fund upcoming production expansions, promising to enhance future revenues and shareholder value.

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