Iluka Resources Limited (AU:ILU) has released an update.
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Iluka Resources Limited reported solid financial results for the first half of 2024, despite global economic uncertainties and subdued market activity impacting the construction and real estate sectors. The company achieved a robust Mineral Sands EBITDA margin of 42% and a net profit after tax (NPAT) of $134 million, underpinned by stable pricing and strategic inventory management. Iluka is also progressing with significant capital projects, including the Balranald development set for commissioning in the second half of 2025, and updates on the rare earths business are expected later in the year.
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