Orocobre Group released its 1H FY2020 Results

1 min read | February 22, 2020 06:06 PM EST | By Team Kalkine Media

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Metals & Mining company, Orocobre Group (ASX: ORE) released its 1H FY 2020 results for the period ended 31 December 2019. Mentioned below are the key highlights:

Group’s revenue from ordinary activities grew by 427 percent pcp, from USD 9.285 million to USD 48.966 million;
Net tangible asset backing per ordinary security was 2.74;
EBITDAIX for Group and Olaroz was USD 2.144 million and USD 6.079 million, respectively.
Statutory consolidated group net loss of USD 18.9 million, as compared to the net profit of USD 24.05 million pcp.

The ORE stock closed in the green zone at a price of $3.450, increasing 4.23% intraday on 21 February 2020.

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