Fortress Minerals Returns to Profit in Fiscal Q4; Shares Up 4%

MT Newswires04-29

Fortress Minerals (SGX:OAJ) booked an attributable profit to owners of $902,953 in the fiscal fourth quarter ended Feb. 28, against an attributable loss of $974,379 a year earlier, according to a Tuesday filing with the Singapore Exchange.

Shares of the mineral exploration company were up 4% in Wednesday morning trade.

Earnings per share came in at $0.0017 compared with a loss per share of $0.0019 in the year-ago period.

Revenue declined 25% year over year to $13.5 million from $18.0 million.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment