Fortress Minerals earnings dips 17.1% y-o-y to US$10 mil in FY2024

Fortress Minerals (SGX:OAJ) has reported earnings of US$10.0 million ($13.6 million) for the FY2024 ended Feb 29, a 17.1% decline compared to its earnings of US$12.2 million in the previous financial year.

For the full-year period, revenue increased slightly by 0.7% y-o-y to US$53.9 million due to higher volumes sold, but mitigated by lower average realised selling prices of iron ore.