CAPITAL MARKETS

OMH at a loss despite record revenue

RECORD annual revenue of $A390 million for OM Holdings was marred by lower manganese prices, a higher Australian dollar and write-downs, leading the company to an $11.5 million loss.

Kristie Batten
OMH at a loss despite record revenue

The loss included non-cash adjustments of $12.8 million for deferred mining, $6.1 million for expensing share-based option transactions and $5.2 million in inventory write-downs. Despite a 27% jump...

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