23
Aug
15:16
Pilbara Minerals posts inaugural full-year profit in FY22
Australian spodumene concentrate producer Pilbara Minerals reported net profit of AUD 561.8 million ($389.6m) in the 2022 financial year, thanks to a 577% increase in sales revenue.
The company announced the inaugural full-year profit on Tuesday, having recorded a loss of AUD 51.4m in FY2021. Revenues surged to AUD 1.2 billion compared with AUD 175.8m in the previous year, Kallanish learns.
Sales volume rose 28% to 361,035 dry metric tonnes – 315,155 dmt f…
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Very good overview of the weekly steel market.
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