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The latest update is out from Fortress Minerals Limited ( (SG:OAJ) ).
Fortress Minerals Limited reported a significant increase in sales volume and revenue for the first quarter of FY2026, with sales volume rising by 103% year-on-year and revenue increasing by 62.9% to US$15.9 million. The company achieved a gross profit margin of 50.8% and a net profit increase of 7.2% to US$2.5 million. The completion of a new crushing plant highlights the company’s efforts to meet regional demand and strengthen its core business, while diversification remains a key strategy to enhance its resource base.
More about Fortress Minerals Limited
Fortress Minerals Limited is an iron ore concentrate producer and exporter based in Malaysia. The company focuses on serving regional markets with its primary product, iron ore concentrate, and is actively pursuing diversification through strategic investments in complementary mining assets.
Average Trading Volume: 54,800
Technical Sentiment Signal: Sell
Current Market Cap: S$107.3M
See more insights into OAJ stock on TipRanks’ Stock Analysis page.
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