The half-year statutory profit after tax of $A18.9 million compares to a loss of $114.3 million for the same period of 2015.
Underlying earnings before interest, tax, depreciation and amortisation more than tripled to $66.5 million.
The company exported 8.1 million tonnes of iron ore at full cash costs of $52.30 per wet metric tonne, compared with 6.9Mt at $55.75/wmt in the previous corresponding period.
The average received price was $66/wmt, up from $59.07/wmt.
Atlas managing director Cliff Lawrenson said the strong result marked a turning point for Atlas on several levels.
“Importantly, we increased production and reduced costs, enabling us to t...