Similarly, gross profit in the 1QFY2025 fell by 13.9% y-o-y to US$7.13 million from US$8.28 million from the previous period.
Fortress Minerals has reported earnings of US$2.31 million ($3.10 million) for the 1QFY2025 ended May, a 7.6% y-o-y decrease from the 1QFY2024’s US$2.50 million.
For the period, revenue was slashed by 26.2% y-o-y to US$9.78 million due to a decrease in the company’s sales volume, as well as a lower average realised selling price.
