Iluka Resources (ASX:ILU) has announced its revenue from zircon, rutile and synthetic rutile lifted 21 per cent to $607 million in the first half of 2018, despite 3 per cent lower sales volume.
The company says positive mineral sands market conditions contributed to realization of strong price increases.
Iluka also reduced its net debt to $34 million from $183 million at the end of last year.
The company says the results reflect strong free cash flow in the first half of $226 million and a payment of $69 million for the 2017 final dividend.
Shares in Iluka Resources (ASX:ILU) closed 1.59 per cent lower at $11.11 yesterday