Fortress Minerals' Attributable Profit Falls 70% in Fiscal Q3

MT Newswires

2025/01/10

Fortress Minerals' (SGX:OAJ) profit attributable to owners plunged by 70% in the quarter ended Nov. 30, 2024, to $695,798 from $2.3 million a year earlier, according to a filing with the Singapore Exchange on Thursday.

Earnings per share came in at $0.0014 from $0.0045 in the comparable period.

Revenue was up nearly 20% year over year to $13.0 million from $10.9 million in the year-ago period, mainly due to strong demand for iron ore from customers.

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