Iluka Resources
(ASX:ILU) has reported a net loss of $81.5 million attributable to shareholders for the half-year to 30 June 2017.
The company says it was hit by a non-cash impairment charge of $151.4 million for the Hamilton mineral separation plant, which will be placed into care and maintenance in October. In addition to that, the company booked $14 million in redundancy costs in the period.
Meantime, over the half year its revenue from ordinary activities rose about 49 per cent to $531.1 million.
Its underlying EBITDA rose 147 per cent to $155 million.
The company did not declare a final dividend for 2016, while it declared a 2017 interim dividend of 6 cents per share fully franked, payable September 2017.
Shares in Iluka Resources
(ASX:ILU) last traded 0.1 per cent lower yesterday to $9.25.
