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Fortress Minerals: 1Q FY2021 Revenue Surpassed US$7.1 Million With Gross Profit Margin Of 71.1% Strong Adjusted EBITDA Of US$3.6 Million.
09 Jul 2020 10:39Group's revenue increased by 21.4% to US$7.1 million in 1Q FY2021 driven by an increase in sales volume by 34.4% or 19,109 DMT despite the recent restricted movement period in Malaysia. Lower average unit cost of US$24.88/WMT resulted in a stronger gross profit margin of 71.1% in 1Q FY2021. Solid adjusted EBITDA of US$3.6 million, positive working capital of US$10.9 million and a free cash flow of US$9.5 million as at 31 May 2020...
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Source: ShareInvestor Express
