Syrah optimistic despite tough year and big loss

A TOUGH year for Syrah Resources has seen the graphite producer record a net loss after tax of US$130.5 million, though more than half the loss was non-cash.

Syrah optimistic despite tough year and big loss Syrah optimistic despite tough year and big loss Syrah optimistic despite tough year and big loss Syrah optimistic despite tough year and big loss Syrah optimistic despite tough year and big loss

Syrah's Balama operation in Mozambique

An impairment of property, plant, equipment and mining assets accounted for $65.9 million of the loss, while $6.7 million of inventory was written down.

Cash at the end of December totalled $80.

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