JOHANNESBURG (miningweekly.com) – Mining services and processing company Mineral Resources Limited (MRL) on Thursday reported half-year results that are in line with its expectations, with revenue of A$962-million and earnings before interest, taxes, depreciation and amortisation (Ebitda) of A$352-million.
Revenue in the six months ended December 31, increased by 22% on the previous corresponding period and Ebitda grew by 25% in the same period.
Net profit after tax increased from A$140-million in the first half of 2017 to A$163-million in the half-year under review.
“The financial results reflect progress towards the company’s growth targets in the 2018 financial year and beyond,” commented MRL MD Chris Ellison.
The company announced a fully franked interim dividend of 25c a share.