Grange Resources’ Profits Dip Amid Rising Costs

Grange Resources Limited (AU:GRR) has released an update.

Grange Resources Limited reports a statutory profit after tax of $26.5 million for the first half of 2024, a decrease from the $70.4 million recorded in the same period last year, due to increased operating costs. The company’s iron ore pellet production increased slightly to 1.22 million tonnes, while sales fell to 1.05 million tonnes. Despite the challenges, Grange maintains a strong cash position with $289.6 million in cash and liquid investments.

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