Metro Mining Reports Revenue Rise Amidst Higher Losses

Metro Mining Limited (AU:MMI) has released an update.

Metro Mining Limited reported a 30% increase in revenue for the first half of 2024, despite a 121% increase in loss after tax and a significant drop in underlying EBITDA, which plummeted by 549%. The company faced challenges due to a prolonged monsoon season, higher costs from new asset commissioning, and increased ocean freight costs from a shift to CIF basis sales pricing. No dividends were distributed during this period, and net tangible assets per security decreased from $0.010 to $0.003.

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