Iluka Resources Limited (AU:ILU) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Iluka Resources Limited reported solid financial results for the first half of 2024, despite global economic uncertainties and subdued market activity impacting the construction and real estate sectors. The company achieved a robust Mineral Sands EBITDA margin of 42% and a net profit after tax (NPAT) of $134 million, underpinned by stable pricing and strategic inventory management. Iluka is also progressing with significant capital projects, including the Balranald development set for commissioning in the second half of 2025, and updates on the rare earths business are expected later in the year.
For further insights into AU:ILU stock, check out TipRanks’ Stock Analysis page.
