AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
The share price of Mineral Resources Limited surged on ASX by 4.225% to $14.80 as the groupâs report card for FY18 read net profit after tax of $272 million, an increase of 35% on prior year. Following to the results announcement made on last week, Mineral Resources Limited today, 20 August 2018, released Investor Presentation for the year ending 30 June 2018.
Earnings before interest and tax was $507 million recording a growth of 9% on FY17 EBITDA which is in line with financial guidance. As groupâs revenues grew 16% to $1.71 billion, board declared total annual yield of 65 cents per share including fully franked final dividend of 40 cents per share, up 20%.
[optin-monster-shortcode id="wxhmli4jjedneglg1trq"]Mining infrastructure provider reported sale of 3.5 million tonnes of lithium direct ship ore (DSO) from Wodgina, up 2.8 million tonnes on FY17, and 382,000 tonnes of lithium spodumene sales from Mount Marion, up 266,000 on FY17.
âFinancial results of the company continue to reflect the financial strength and stability of the Groupâs core mining services businessâ, said Mineral Resources Managing Director Chris Ellison.
One of the worldâs largest owners of hardrock lithium units at Wodgina and Mt Marion, Mineral Resources Limited (ASX:MIN) acquired joint ownership of undeveloped ore bodies over the past 12 months. As per the updates Pilbara Infrastructure Project is moving ahead quickly.
Full year EBITDA guidance for FY19 is reported to be announced at next Annual General Meeting. The group expects decline in crushing and processing tonnes in FY19. MIN forecasts approximately 438Kt of Spodumene Concentrate in FY19.
The Income available from dividends remains attractive for many investors.
We take a look at the best yields on the market and assess what they say about a companyâs prospect.
One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkineâs team of analysts bought you handpicked report for âTop 25 Dividend Stocks For 2018.â
ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.
Click here to get your free report.
Disclaimer
The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkinemedia.com and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.
