Portman posts 2c dividend on strong profit

AUSTRALIAN iron ore group Portman has declared a 2c per share unfranked dividend after posting a $3.1 million net annual profit on the back of increasing sales from its Western Australian iron ore operations.

The result for the year to December 31 was from iron ore sales revenue of $30.98 million, up sharply from $19.58 million for the previous year.

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