Fortress Minerals Limited (SG:OAJ) has released an update.
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Fortress Minerals Limited, a high-grade iron ore concentrate producer, reported a stable net profit of US$4.5 million for the second quarter of FY2025, despite a 10.4% drop in revenue to US$15.5 million due to decreased sales volumes and lower selling prices. The company maintained a strong gross profit margin of 66.2% and is focusing on growth initiatives to enhance production and shareholder value.
For further insights into SG:OAJ stock, check out TipRanks’ Stock Analysis page.