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.

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.