Iluka Resources Limited (ASX:ILU) first half revenue has fallen after softer prices offset higher output.
The minerals sands producer’s revenue dropped 10 per cent to $343 million in the first six months of this year.
Over the half year zircon, rutile and synthetic rutile production rose almost 6 per cent on the back of higher mineral separation plant utilisation rates.
Total sales volumes declined 3.5 per cent over the half dragged down by lower zircon sales volumes.
The miner received an average price of $1,015 per tonne for its products over the half, down $163 per tonne from last year.
Iluka Resources’ net profit dropped to $18.5 million over the 2013 calendar year.
