The fact is the cash and receivables increased by A$76.49 million during the quarter in what a low IO price.
$5 million was also spent on capital equipment and $22+ million on dividends.
So Grange had profit around $103.5 million for the quarter.
A very good effort I'd say in what was a low iron ore price environment.
Ann: GRR - Quarterly Report for 3 months ended 30 September 2021, page-26
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