Brief: IRC Ltd Says Revenue For Year Decreased By 24.9% To $278.8 Million

IRC

30/03/2023 01:51

March 30 (Reuters) - IRC Ltd  1029.HK :
    * REVENUE FOR YEAR DECREASED BY 24.9% TO US$278.8 MILLION
    * FY LOSS ATTRIBUTABLE US$87.9 MILLION VERSUS PROFIT OF
US$134.1
MILLION
    * AIM TO START MINING ORE AT SUTARA IN SECOND HALF OF 2023
    * FY UNDERLYING PROFIT US$25.0 MILLION VERSUS US$125.3
MILLION
    * HOPE THAT 2023 WILL BE A GOOD YEAR FOR IRC
    * FY IRON ORE CONCENTRATE PRODUCTION VOLUME INCREASED BY
0.5% TO
2,570KT
    * FY IRON ORE CONCENTRATE SALES VOLUME INCREASED BY 0.5% TO
2,566KT
    * CAPITAL INVESTMENT PROGRAM OF ABOUT US$35 MILLION IN 2023
IS
EXPECTED FOR SUTARA

Source text for Eikon:  ID:nHKS2F2qkl 
Further company coverage:  1029.HK 

 ((Reuters.Briefs@thomsonreuters.com;))