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22
Aug
2014
Weaker prices see Iluka post big profit declineBy:Creamer Media Senior Deputy Editor: Australasia MINERAL SANDS Mineral sands miner Iluka has reported a significant decline in net profit after tax, owing to lower prices.
Net profit for the six months to the end of June dropped to A$11.7-million, compared with the A$34.3-million reported in the previous corresponding period. Revenue from mineral sand sales dropped 10.1% year-on-year to A$343.2-million.
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