GXY galaxy resources limited
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News: GXY Galaxy Resources Says Loss After Tax For Year Narrowed To $31.3 Million

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    25/02/21
    21:30
    Post #: 51339754

    Feb 25 (Reuters) - Galaxy Resources Ltd (GXY) :

    • LOSS AFTER TAX FOR YEAR NARROWED TO US$31.3 MILLION
    • SAW A RAPID RECOVERY IN LITHIUM CHEMICAL SECTOR IN LATE 2020
    • FY REVENUE US$55.3 MILLION VERSUS US$69.5 MILLION
    • AT 31 DEC, GALAXY HAD APPROX. 17,000 DMT OF FINAL SPODUMENE PRODUCT READY FOR SALE IN INVENTORY
    • Q1 2021 SHIPMENTS FOR 45,000 DMT ARE CONTRACTED AT MATERIALLY HIGHER PRICES
    • MT CATTLIN IS RAMPING UP PRODUCTION IN RESPONSE TO STRONG CUSTOMER DEMAND, IMPROVING PRICES
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