PRL Global (ASX:PRG) has reported operational disruptions at its Christmas Island facility due to severe weather, including cyclones, high swells, and heavy rainfall, according to a Friday filing with the Australian bourse.
Production and sales in the area have been impacted, with only one phosphate shipment in December, and intermittent deliveries afterward, the filing said.
The company is implementing recovery plans to boost output and sales in the second half of the fiscal year, the filing added.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.