Fortress Minerals reports 477.6% higher 3QFY2021 earnings of US$4.3 mil due to higher revenue and 'favourable operating environment'

Fortress Minerals, the producer and exporter of high-grade iron ore concentrate from Malaysia, reported earnings of US$4.3 million ($5.7 million) for the 3QFY2021 ended November 2020, more than double the earnings compared to the US$751,151 registered in 3QFY2010.

Earnings per share (EPS) for the quarter stood at 87 US cents, compared to 15 US cents in 3QFY2020.

For the nine months, the group reported earnings of US$12.2 million, almost three times as much as the US$4.4 million for the 9MFY2020.