Suvo Strategic Minerals Boosts Revenue and Streamlines Operations

Suvo Strategic Minerals (AU:SUV) has released an update.

Suvo Strategic Minerals has reported an increase in annual revenue to A$12.3 million and has entered a joint development agreement to commercialize low carbon geopolymer concrete products. The company has also secured a lucrative order from Chinese distributor Qingdao totaling 1,568 tonnes of hydrous kaolin. Cost optimization measures at their Pittong operations, including staffing and operational hours reductions, are expected to improve financial results in future quarters.

For further insights into AU:SUV stock, check out TipRanks’ Stock Analysis page.