Brief: Allkem Posts FY Consolidated Net Profit After Tax From Continuing Operations Of Us$524.6 Mln

Allkem

22/08/2023 01:40

Aug 22 (Reuters) - Allkem Ltd  AKE.AX :
    * FY CONSOLIDATED NET PROFIT  AFTER TAX FROM CONTINUING
OPERATIONS
OF US$524.6 MILLION
    * FY GROUP REVENUE OF US$1,207.8 MILLION ACHIEVED
    * SAL DE VIDA CONSTRUCTION IS WELL UNDERWAY, AND JAMES BAY
IS
ADVANCING WITH APPROVALS RECEIVED BY THE FEDERAL GOVERNMENT FOR
THE ESIA
    * OLAROZ STAGE 2 ACHIEVED FIRST WET PRODUCTION IN MID-JULY
WITH
COMMISSIONING TO CONTINUE AND RAMP UP OVER NEXT 12-18 MONTHS
    * MT CATTLIN'S ORE RESERVE UPDATE CONFIRMED AN ADDITIONAL
4-5 YEAR
MINE LIFE TO 2027-2028
    * FEDERAL APPROVAL FOR JAMES BAY ESIA WAS OBTAINED IN
JANUARY 2023
AND A NEW HIGH-GRADE ZONE OF MINERALISATION WAS IDENTIFIED
    * HAVE DETERMINED THAT THERE WILL BE NO PAYMENT OF A
DIVIDEND FOR
YEAR
    * NARAHA LITHIUM HYDROXIDE PLANT ACHIEVED  FIRST PRODUCTION

Source text for Eikon:  ID:nASX8nK1MH 
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