CAPITAL MARKETS

Insurance bolsters Mount Gibson profits

MOUNT Gibson Iron is back in the black as the settlement of part of its Koolan Island insurance claim helped the company generate a full year net profit after tax of $A86.3 million.

Andrew Hobbs
Insurance bolsters Mount Gibson profits

The net profit result came amid a fall in full year sales revenue to $240 million – down from the $325 million generated the year before – and despite non-cash impairment charges of $15.4 million. The...

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