Resources Prima: Turns Around In 4Q2015 Recording A Net Profit Of US$5.8 Million As Compared To A Loss Of US$3.3 Million In 4Q2014.

28 May 2015 23:12

4Q2015 gross profit surged 463.1% to USD5.5m from USD1.0m in 4Q2014 due to higher sales volume and higher gross margin through better cost management. FY2015 adjusted EBITDA improved significantly to USD21.0m from USD0.3m in FY2014. FY2015 net loss primarily due to non-cash and non-recurring expenses such as goodwill written off and cost of arranger shares related to the reverse takeover completed in November 2014. Competitive edge will be strengthened further with new waste mining rate expected to commence in 1Q2016 which could result in potential cost reduction of between USD2.70 per MT to USD3.40 per MT...

Attachments: