MinRes falls on softer profit

SHARES in Mineral Resources dropped as much as 10.7% today after the company posted weaker half-year earnings.

MinRes falls on softer profit MinRes falls on softer profit MinRes falls on softer profit MinRes falls on softer profit MinRes falls on softer profit

MinRes' Wodgina plant in the Pilbara

Revenue fell 35% to A$555 million, while normalised net profit after tax dropped 63% to A$34 million.