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Mineral Resources Provides Full Year Results Ended 30 June 2017

16 Aug 2017  |  13:06:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Full Year Results - Media Release

Mineral Resources announced its financial results for the Full Year ended 30 June 2017 (FY17). The Company reported revenue of A$1.46bn an increase of 24% as compared to FY16. EBITDA is A$464m, an 62% increase on FY16 underlying EBITDA and within the guidance range and Net profit after tax of $201m, an increase of 83% on FY16 underlying earnings. The Company advised fully franked final dividend of 33.0cps declared, bringing the total dividend for the year to 54.0cps. The Company's Iron ore exports remains stable at 12.3mt with increased EBITDA per wmt from $8.60 to $18.00 and Mount Marion spodumene operation ramped up to full capacity rate in excess of 400,000 wmt pa. The Company has provided FY18 EBITDA guidance of a minimum of $500m.

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