News: AKE Allkem Posts FY Consolidated Net Profit After Tax From Continuing Operations Of Us$524.6...

Aug 22 (Reuters) - Allkem Ltd (AKE) :

• FY CONSOLIDATED NET PROFIT AFTER TAX FROM CONTINUING OPERATIONS OF US$524.6 MILLION
• FY GROUP REVENUE OF US$1,207.8 MILLION ACHIEVED
• SAL DE VIDA CONSTRUCTION IS WELL UNDERWAY, AND JAMES BAY IS ADVANCING WITH APPROVALS RECEIVED BY THE FEDERAL GOVERNMENT FOR THE ESIA
• OLAROZ STAGE 2 ACHIEVED FIRST WET PRODUCTION IN MID-JULY WITH COMMISSIONING TO CONTINUE AND RAMP UP OVER NEXT 12-18 MONTHS
• MT CATTLIN'S ORE RESERVE UPDATE CONFIRMED AN ADDITIONAL 4-5 YEAR MINE LIFE TO 2027-2028
• FEDERAL APPROVAL FOR JAMES BAY ESIA WAS OBTAINED IN JANUARY 2023 AND A NEW HIGH-GRADE ZONE OF MINERALISATION WAS IDENTIFIED
• HAVE DETERMINED THAT THERE WILL BE NO PAYMENT OF A DIVIDEND FOR YEAR
• NARAHA LITHIUM HYDROXIDE PLANT ACHIEVED FIRST PRODUCTION