CAPITAL MARKETS

Profits down as Grange refocuses

MAGNETITE miner Grange Resources said it “regained its focus” in a transitional 2013 but posted a 57% lower profit than the previous year on weaker sales and product pricing.

Justin Niessner
Profits down as Grange refocuses

Net profit after tax for 2013 came in at $A25.6 million compared to $59.1 million the previous year. Revenues from mining operations were down 15% over the year at $281.1 million, with total iron...

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