22
Aug
17:33
Allkem posts 56% net profit growth amid record production, revenue
Australia-listed lithium chemicals producer Allkem reported on Tuesday record production, revenue and net profit in the year ended 30 June 2023, as preparations continue for its merger with Livent.
Net profit rose 56.7% on-year to $524.6 million, compared to $334.7m in FY22. Revenues rose 1.6 times to $1.20 billion, Kallanish learns from the company’s earnings presentation.
The company attributed the positive performance to strong pricing for both lithium…
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