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BRIEF-Western Areas Ltd Posts FY Sales Revenue $308.4M Vs $268.7M

Published 25/08/2020, 03:59 pm
© Reuters.
WSA
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Aug 25 (Reuters) - Western Areas Ltd WSA.AX :

* FY SALES REVENUE $308.4M VERSUS $268.7M

* FY NET PROFIT AFTER TAX $31.9M VERSUS $14.2M

* FULLY FRANKED FINAL DIVIDEND OF 1.0C PER SHARE

* REMAINS POSITIVE ON OUTLOOK FOR NICKEL & STRONG FUNDAMENTAL DEMAND DRIVERS OVER MEDIUM, LONG-TERM REMAIN SUPPORTIVE

* CONFIDENT STAINLESS-STEEL DEMAND WILL CONTINUE TO GROW, NEW EV BATTERY MARKET WILL DRIVE ADDITIONAL DEMAND

* SEES FY21 NICKEL TONNES IN CONCENTRATE PRODUCTION 19,000 TO 21,000 TONNES

* SEES FY21 UNIT CASH COST OF PRODUCTION (NICKEL IN CONCENTRATE) A$3.25/IB TO A$3.75/IB

* FROM FY22, SUSTAINING CAPITAL EXPENDITURE AT FORRESTANIA IS EXPECTED TO FALL SIGNIFICANTLY

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