CAPITAL MARKETS

Grange hits record profit

MAGNETITE producer Grange Resources has posted a record full-year profit of $A216.6 million as its Savage River mine in Tasmania continues to generate strong cash flow.

Kristie Batten

Grange hits record profit

The pre-tax profit was $151.1 million while the gross profit from mining operations was $158.2 million. Revenue was $410.4 million on the sale of 1.7 million tonnes of pellets at an average realised...

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