Iluka Resources Ltd (ASX:ILU) reported a $36.1 million full year profit thanks to a recovery in sales volumes.
Demand for the company’s products returned and prices rose.
The profit was higher than anticipated. The year prior it had reported an $82.4 million loss.
It expects to spend $100 million on capital expenditure this year, less than the $117 million spent last year.
The mineral sands producer issued a final dividend of eight cents per share unfranked.
Iluka Resources posted a half year loss of $6.6 million to June 30, 2010.
