Grange Resources see profit rise despite market uncertainty

Company News

by Rachael Jones

Grange Resources (ASX:GRR) has reported a full year profit after tax of $60.7 million, despite iron ore market uncertainty.

That’s equivalent to Earnings Per Share of 5.24 cents.

The Tasmania based company has 50 years of mining and production from its Savage River mine. It produces a high quality iron ore pellet.

They offer a fully-franked final dividend of 1 cent per share.

Grange Resources (ASX:GRR) are trading 2.50 per cent higher at $0.21.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.