CAPITAL MARKETS

Impairments mar Mount Gibson results

MOUNT Gibson Iron has posted a half-year loss and despite a strong cash balance, will not pay a dividend due to the depressed iron ore price.

Kristie Batten
Impairments mar Mount Gibson results

The company posted a gross profit of $A12 million from continuing operations on revenue of $124 million for sales of 2.6 million wet metric tonnes of iron ore. The half-year net loss after tax was $15.4...

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