SINGAPORE (July 9): Fortress Minerals, the producer and exporter of high-grade iron ore concentrate from Malaysia, reported 1Q20 earnings increased 37% to US$1.1 million ($1.5 million) from 1Q19 a year ago.
Earnings per share and net asset value per share for 1Q20 was 0.23 US cents and 5.05 US cents respectively.
Excluding US$0.9 million IPO expenses and unrealised foreign exchange loss of US$0.2 million, 1Q20 net profit came in at US$2.3 million.
For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
