SINGAPORE (July 8): Fortress Minerals, the producer and exporter of high-grade iron ore concentrate from Malaysia, reported a 97.9% increase in 1Q21 earnings to US$2.2 million ($3.0 million) from US$1.1 million in 1Q20 a year ago.

Earnings per share and net asset value per share for 1Q21 was 0.43 US cents and 6.25 US cents respectively.

The company recorded 1Q21 revenue of US$7.1 million, a 21.4% increase y-o-y.

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