Iluka Resources (ASX:ILU) NPAT drops 17% in second half

14Aug

Iluka Resources (ASX:ILU) NPAT drops 17% in second half

 

Iluka Resources (ASX:ILU) today announced its 2020 half year results for the period ended 30 June 2020.

The company achieved net profit after tax of $113 million, down 17 per cent from the previous corresponding period.

Underlying group EBITDA was down 18 per cent to $225 million.

The drop in earnings is largely attributed to the decline in mineral sands revenue. The Mineral sands revenue dropped 16.3 per cent, to $456.6 million.

The Group are happy with the result given the challenging business conditions, particularly in the zircon market.

Shares in Iluka Resources (ASX:ILU) are trading 0.26 per cent higher at $9.71.
 
Copyright 2020 – Finance News Network


Source: Finance News Network

Share this post

Related Posts

08Sep

Stocks of the Hour: Ionic Rare Earths, Anson Resources, Pacgold

08 Sep 2022 - A snapshot of the stocks on the move, featuring Ionic Rare Earths (ASX:IXR), Anson Resources (ASX:ASN) and Pacgold (ASX:PGO).

Read More
24Sep

Washington H. Soul Pattinson and Company (ASX:SOL) report dividend growth

24 Sep 2020 - Diversified investment house, Washington H. Soul Pattinson and Company (ASX:SOL) report a regular net profit after tax of $169.8 million for the year, down 45 per cent on the previous corresponding period.

Read More
03Jan

Hidden Gems 2023 Highlights: Information Technology

04 Jan 2024 - A selection of some of the Information Technology companies that presented with us in 2023.

Read More
11Jun

JB Hi-Fi (ASX:JBH) report strong sales growth in 2H20

11 Jun 2020 - JB Hi-Fi (ASX:JBH) and The Good Guys have seen strong sales growth in 2H20 as customers spend more time at home.

Read More
18Feb

Lifestyle Communities (ASX:LIC) first half results driven by 109 new home settlements

18 Feb 2020 - Lifestyle Communities (ASX:LIC) achieved a net profit after tax attributable to shareholders of $15.1 million for the first half of the 2020 financial year, compared to $21.9 million in the same period last year.

Read More
18Sep

Anglo (ASX:AAR) successfully completes $11M placement

18 Sep 2020 - Gold and base metals explorer Anglo Australian Resources (ASX:AAR) has received firm commitments for an $11 million single-tranche placement at $0.17.

Read More
17Sep

Macmahon Holdings (ASX:MAH) is the preferred contractor for Warrawoona Gold Project

17 Sep 2020 - Macmahon Holdings (ASX:MAH) has been selected by Calidus Resources (ASX:CAI) as the preferred mining contractor for the Warrawoona gold project in Western Australia.

Read More
18Mar

Volpara Health Technologies (ASX:VHT) reports excellent results in 2nd round in breast cancer screening

18 Mar 2021 - Health software company Volpara Health Technologies (ASX:VHT) reports their trial in breast cancer screening had excellent results in the second-round.

Read More
16Sep

CIMIC Group’s CPB contractors wins $463m Sydney Metro Station project Title

17 Sep 2019 - CIMIC Group (ASX:CIM) company CPB Contractors has been selected to build the new Sydney Metro City & Southwest Pitt Street Station.

Read More
05Feb

Janus Henderson (ASX:JHG) report net profits up 4.8% on last year

05 Feb 2020 - Janus Henderson (ASX:JHG) reported net profits of $112 million US for the three-month period, up 4.8 per cent on the same period a year ago.

Read More