Here's part of MGX's report from yesterday"Mount Gibson Iron...

Here's part of MGX's report from yesterday

"Mount Gibson Iron Limited (MGX) is pleased to announce a net profit of $6.1 million for the half
year ending 31 December 2004. There is no tax liability on this amount which is above budget for the first half and in line with the forecast full year profit of $12.6 million announced to the market in September 2004.

The Directors are confident that previously forecast production and shipping schedules will beachieved this financial year and with the recently announced 71.5% increase in iron ore prices (which will apply from 1 April 2005), second half profits are now expected to be in the order of$15.0 million.