Sales revenue of $18.2m on sales of 1,098 tonnes of YTK. So that equates to just over A$16.50 per kg.
Given sale tonnages were less than originally anticipated that leaves the forecast pre-tax underlying profit of $1.1m versus previous advice of $1.255m as a good result.
Question remains on the why of the reduced tonnages, have they retained more YTK than originally planned? If so, have they sold less than planned due to insufficient demand in expanded export markets, to qualify for the research tax break or some other reason?
They still indicate that they are on track for sales of 2,000 tonnes in 2016, at $16.50 per kg this equates to revenue of $33m.
Sales revenue of $18.2m on sales of 1,098 tonnes of YTK. So that...
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