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Fortress Minerals Limited ( (SG:OAJ) ) just unveiled an update.
Fortress Minerals Limited reported an 8.6% year-on-year increase in sales volume to 190,066 DMT for the second quarter of FY2026, driven by robust regional demand. Despite a 6.4% rise in revenue to US$16.5 million, the company’s gross profit decreased by 11.8% to US$9.1 million, with a gross profit margin of 54.9%. The company secured two new 24-month offtake agreements with a Malaysian steel mill, enhancing earnings visibility and supporting its growth strategy focused on diversification and production capability enhancement.
More about Fortress Minerals Limited
Fortress Minerals Limited is a high-grade iron ore concentrate producer and exporter based in Malaysia. The company focuses on the production of iron ore and caters primarily to regional markets, reflecting a strong demand for its products.
Average Trading Volume: 91,605
Technical Sentiment Signal: Hold
Current Market Cap: S$125.6M
See more insights into OAJ stock on TipRanks’ Stock Analysis page.