07
Mar
02:59
OM’s full year profit falls on lower revenue
Australian manganese and silicon smelting group OM Holdings (OMH) has reported lower profit in 2023 amid lower revenue, Kallanish notes.
The firm says in a statement that it posted a net profit after tax of $18.2 million in 2023, plunging 73.16% from $67.8 million a year ago.
The firm’s revenue from operating activities for 2023 was $589.2 million, a 31% decrease from 2022.
This was mainly attributed to lower average selling prices for ores and alloys, par…
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Anonymous
Very good overview of the weekly steel market.
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