IN BRIEF: Strategic Minerals expects annual profit despite revenue dip

Strategic Minerals PLC - London-based exploration and production company - For 2021, annual sales ...

Alliance News 26 January, 2022 | 9:48PM
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Strategic Minerals PLC - London-based exploration and production company - For 2021, annual sales revenue from the Cobre magnetite operation dropped to USD2.6 million from USD3.0 million the year before, due to a drop in demand as a major client expressed its wish to rundown a significant magnetite stockpile.

However, despite the drop in sales, the company expects to report a post-tax profit.

Current stock price: 0.30 pence

12-month change: down 40%

By Dayo Laniyan; dayolaniyan@alliancenews.com

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Strategic Minerals PLC 0.30 GBX -8.77 -

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