Iluka profits take a hit

ILUKA Resources reported a 65.9% year-on-year drop in profit for the first half of 2014 as the company continued scaled-back mineral sands operations while investing in joint ventures.

Iluka profits take a hit Iluka profits take a hit Iluka profits take a hit Iluka profits take a hit Iluka profits take a hit

Net profit for the period was $A11.7 million, compared with $34.3 million a year ago.

Revenue for the six months was down 11% compared to last year at $381.8 million, reflecting a 3.

loader