LIT 0.00% 2.0¢ lithium australia limited

Ann: Half Year Accounts, page-2

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  1. 308 Posts.
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    "For the period ended 31 December 2022, Lithium Australia sales were $2.3 million,
    primarily related to the recycling division (31 December 2021: $1.0 million). Associated
    cost of sales were $1.7 million for the same period, down from $2.5 million in the period
    ended 31 December 2021. These delivered a Gross Profit of $0.6 million for the period
    ended 31 December 2022 (31 December 2021: $1.5 million Gross Loss). The primary
    drivers for this improvement relate to increased collection and processing of end of life
    batteries, the introduction of rebates from the B-Cycle scheme and improvements in
    operation efficiencies within the recycling division."

    It looks like the recycling is picking up steam and cash.
 
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