News: WSA Western Areas Ltd Posts FY Sales Revenue $308.4M Vs $268.7M

Aug 25 (Reuters) - Western Areas Ltd (WSA) :

• FY SALES REVENUE $308.4M VERSUS $268.7M
• FY NET PROFIT AFTER TAX $31.9M VERSUS $14.2M
• FULLY FRANKED FINAL DIVIDEND OF 1.0C PER SHARE
• REMAINS POSITIVE ON OUTLOOK FOR NICKEL & STRONG FUNDAMENTAL DEMAND DRIVERS OVER MEDIUM, LONG-TERM REMAIN SUPPORTIVE
• CONFIDENT STAINLESS-STEEL DEMAND WILL CONTINUE TO GROW, NEW EV BATTERY MARKET WILL DRIVE ADDITIONAL DEMAND
• SEES FY21 NICKEL TONNES IN CONCENTRATE PRODUCTION 19,000 TO 21,000 TONNES
• SEES FY21 UNIT CASH COST OF PRODUCTION (NICKEL IN CONCENTRATE) A$3.25/IB TO A$3.75/IB
• FROM FY22, SUSTAINING CAPITAL EXPENDITURE AT FORRESTANIA IS EXPECTED TO FALL SIGNIFICANTLY

Source text nASX18g4VW

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