Fortress Minerals Limited

OAJ

SGXE46200569

Iron & Steel

Market Closed - Singapore S.E. Other stock markets 04:54:30 2024-04-23 am EDT			5-day change	1st Jan Change
0.31 ^SGD	+1.64%		0.00%	+1.64%

Jan. 24	Fortress Minerals Secures 12-Month Offtake Deal with Malaysian Domestic Steel Mill	MT
Jan. 11	Fortress Minerals' Attributable Profit Falls 21% in Fiscal Q3	MT

Fortress Minerals Limited Announces Earnings and Production Results for the Second Quarter and Half Year Ended August 31, 2019

October 09, 2019 at 07:36 am EDT

Fortress Minerals Limited announced earnings and production results for the second quarter and half year ended August 31, 2019. For the quarter, the company reported revenue of USD 7,783,000 against USD 6,572,000 a year ago. Net profit after tax was USD 2,518,000 compared to USD 1,212,000 a year ago. Earnings per share (EPS) stands at 0.50 cents.

For the quarter, the company reported sales volume of 85,739 WMT against 74,004 WMT a year ago. sales volume of 76,334 DMT against 68,540 DMT a year ago.

For the half year, the company reported revenue of USD 13,624,000 against USD 6,572,000 a year ago. Net profit after tax was USD 3,609,000 compared to USD 2,007,000 a year ago. Earnings per share (EPS) stands at 0.74 cents.

For the half year, the company reported sales volume of 147,124 WMT against 74,004 WMT a year ago. sales volume of 131,886 DMT against 68,540 DMT a year ago.

Latest news about Fortress Minerals Limited

Fortress Minerals Secures 12-Month Offtake Deal with Malaysian Domestic Steel Mill	Jan. 23	MT
Fortress Minerals' Attributable Profit Falls 21% in Fiscal Q3	Jan. 11	MT
Fortress Minerals Limited Reports Earnings Results for the Third Quarter and Nine Months Ended November 30, 2023	Jan. 11	CI
Singapore Shares Return to Black; Stamford Land Shares Slip 3% on Flagging Losses for Fiscal H1	23-10-24	MT
Fortress Minerals Signs Two Offtake Deals with Malaysian Steel Mill	23-10-23	MT
Singapore Shares Plummet on GDP News; Keppel Slips 1% as Flagship Infrastructure Fund Secures $575 Million Funds	23-10-13	MT
Fortress Minerals Profit Slips 5.8% in Fiscal Q2 Despite Revenue Jump	23-10-12	MT
Fortress Minerals Limited Announces Appointment of Edmund Chee Ji Kang as Executive Director, Effective 1 August 2023	23-07-31	CI
Fortress Minerals' Net Profit Falls 40% in Fiscal Q1; Shares Drop 6%	23-07-13	MT
Fortress Minerals Limited Announces the One-Tier Tax Exempt Final Dividend for the Financial Year Ended 28 February 2023, Payable on 28 July 2023	23-06-28	CI
Fortress Minerals Limited to Recommends Final One-Tier Tax Exempt Dividend for Fiscal Year 2023	23-06-12	CI
Fortress Minerals' Net Profit Slips 9% in 12 Months to February Despite Revenue Jump	23-04-27	MT
Fortress Minerals Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended February 28, 2023	23-04-26	CI
Singapore Stocks Slip into Red; Nanofilm Technologies Shares Fall 9% as Q1 Revenue Plummets 40%	23-04-20	MT
Fortress Minerals Signs Nine-Month Offtake Deal with Malaysian Steel Mill; Shares Rise 10%	23-04-20	MT
Fortress Minerals' CFO Resigns	23-04-12	MT
Singapore Stocks End Flat; Sabana Industrial REIT Shares Rise 3% as Portfolio Occupancy Improves to 92.6% in Q1	23-04-11	MT
Fortress Minerals Limited Announces the Resignation of Henry Chow Tiam Chye as Chief Financial Officer	23-04-11	CI
Fortress Minerals Raises SG$9 Million Under Share Placement	23-04-11	MT
Fortress Minerals Gets Regulatory Nod to List Over 23 Million Placement Shares	23-03-30	MT
Optimism Over Banking Sector Pulls Singapore Shares into Black; GS Holdings Shares Rise 4% on JV Termination	23-03-21	MT
Fortress Minerals to Raise SG$9 Million via Share Placement; Shares Drop 12%	23-03-21	MT
Fortress Minerals Clinches Two Prospecting Licenses in Malaysia	23-03-07	MT
Fortress Minerals Limited Receives New Prospecting Licenses in Sabah; Seeks to Grow its Commodities Portfolio	23-03-06	CI
Singapore Shares Slip Into Red; Fortress Minerals Shares Rise 5% on Higher Q3 2022 Profit, Revenue	23-01-12	MT

Chart Fortress Minerals Limited

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Company Profile

Fortress Minerals Limited is a Malaysia-based investment holding company. The Company operates through two segments: Iron ore and Others. The Iron ore segment is engaged in the exploration, mining, production, and sale of iron ore. The Others segment is engaged in the remaining minor trading and investment holding activities. The Company is principally in the business of exploration, mining, production, and sale of iron ore concentrate. It produces magnetite iron ore concentrate with Tetrafluoroethylene (TFe) grade of 65.0% and above, mined from the East, Valley, and West Deposits in its Bukit Besi Mine, and sell its iron ore concentrate primarily to steel mills and trading companies in the PRC and Malaysia. The principal activities of the Company, through its subsidiaries include acquisition of mines, mining rights, metalliferous land, quarries, and trading in minerals, transport of iron ore and minerals, payroll, corporate services, and others.

Sector

Iron & Steel

Calendar

2024-04-23 - Q4 2024 Earnings Release (Projected)

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.2277 USD

Average target price

0.261 USD

Spread / Average Target

+14.60%

Consensus

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Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Iron Ore Mining

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HAINAN MINING CO., LTD.	+9.10%	1.93B
DETERRA ROYALTIES LIMITED	-5.69%	1.7B

Iron Ore Mining