Dollar takes toll on Iluka bottom line

THE strong Australian dollar took its toll on mineral sands miner Iluka Resources in 2003, with after-tax net profit down 21.8% to $85.2 million from $109 million in 2002.

Dollar takes toll on Iluka bottom line Dollar takes toll on Iluka bottom line Dollar takes toll on Iluka bottom line Dollar takes toll on Iluka bottom line Dollar takes toll on Iluka bottom line

“2003 could best be described as a year where improving business fundamentals in the form of higher US dollar selling prices, cost reductions and operational efficiency improvements were negated by

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