Mineral Resources Limited (AU:MIN) has released an update.
Mineral Resources Limited reports a mixed financial year for 2024, with a 10% increase in revenue to $5,278M but a significant drop in underlying EBITDA and NPAT, primarily due to lower lithium prices. The company boasts increased mining services earnings, with record production levels and six new contracts, alongside the successful first shipment of ore from the Onslow Iron project. Despite the challenging market, MinRes maintains a strong liquidity position, with substantial proceeds from the partial sale of an infrastructure asset, and focuses on strategic growth in mining services and infrastructure.
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