Iron ore royalty boosts Iluka

ILUKA Resources has posted a higher half-year profit, but the gain was largely driven by iron ore rather than its core business of mineral sands.

Iron ore royalty boosts Iluka Iron ore royalty boosts Iluka Iron ore royalty boosts Iluka Iron ore royalty boosts Iluka Iron ore royalty boosts Iluka

Iluka MD Tom O'Leary

The net profit after tax for the six months to June 30 was up 8.8% to A$137 million.

Mineral sands revenue was down 10.1% to $545.6 million due to reduced zircon sales.