Iluka lifts Sept quarter revenue

Mineral sands products producer Iluka has reported a solid jump in quarterly revenues, helped by higher volumes and a lower Australian dollar.

Iluka Resources has posted a 26 per cent jump in sales revenue in the September quarter, helped by higher sales volumes for its mineral sands products and a lower Australian dollar.

Revenue for the three months to September 30 was $185.9 million, compared to $147.7 million a year ago. Quarterly production rose 49 per cent to 319.9 million tonnes.

Revenue, however, fell 20.7 per cent from the June quarter.

Iluka, which produces zircon and rutile used in paints, ceramics and other products, said it had a better production mix in the September quarter, but the numbers were impacted by lower US-dollar denominated prices compared to last year.


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Source: AAP


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