MinRes higher ore volumes lifts FY profit

Company News

Mineral Resources Limited (ASX:MIN) has lifted its full year net profit by 28 per cent to $231 million, coming in within guidance from April.
 
The diversified mining services company attributes the gains to higher iron ore volumes helping to counter lower ore prices.
 
Revenue pushed higher as iron ore exports increased 93 per cent for the company in the 2014 financial year. 
 
CEO Peter Wade says the business is well positioned to take advantage of the market conditions with facility to embrace growth in its chosen sectors.
 
A final fully franked dividend of 32 cents has been declared.

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