CAPITAL MARKETS

Atlas results marred by volatile market, write-downs

ATLAS Iron has posted a net loss after tax of $A256 million for the six months to the end of 2012, due to a combination of weaker iron ore prices, a strong Australian dollar and a write down on its exploration assets.

Lauren Barrett

Atlas results marred by volatile market, write-downs

For the six months to the end of 2011, the Pilbara iron ore producer booked a statutory profit of $6.1 million. Underlying profit after tax also fell 98%, from $62 million in the six months to the...

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