Stock Track | Iluka Resources Soars 5.09% Intraday on Adjusted Profit and Revenue Beat
Stock Track
Feb 18
Iluka Resources Limited (ILU.AU) saw its shares surge 5.09% during intraday trading on Wednesday, as investors reacted positively to the company's financial results.
The mineral sands producer reported an adjusted net income of AUD 78 million for the fiscal year 2025, indicating underlying profitability despite a reported statutory loss. Additionally, the company's revenue of AUD 1.02 billion exceeded analysts' expectations of AUD 986.2 million.
Further supporting investor sentiment, Iluka declared a final dividend of 3 AU cents per share fully franked, providing income to shareholders.
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