CAPITAL MARKETS

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's Balama operation in Mozambique

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 $80.6 million,...

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