Fortress Minerals Limited

OAJ

SGXE46200569

Iron & Steel

Market Closed - Singapore S.E. Other stock markets 05:58:05 10/05/2024 BST			5-day change	1st Jan Change
0.3 ^SGD	0.00%		-3.23%	-1.64%

04-25	Fortress Minerals' Fiscal Q4 Attributable Profit Climbs on Higher Revenue, Lower Costs	MT
04-24	Fortress Minerals Limited Proposes Tax Exempt One Tier Final Cash Dividend for the Year Ended February 29, 2024	CI

Fortress Minerals Limited Reports Earnings Results for the Fourth Quarter Ended February 29, 2024

April 24, 2024 at 01:02 pm

Fortress Minerals Limited reported earnings results for the fourth quarter ended February 29, 2024. For the fourth quarter, the company reported sales was USD 12.49 million compared to USD 12.18 million a year ago. Net income was USD 0.62965 million compared to USD 0.104656 million a year ago.

Basic earnings per share from continuing operations was USD 0.0012 compared to USD 0.0002 a year ago. Diluted earnings per share from continuing operations was USD 0.0012 compared to USD 0.0002 a year ago.

Latest news about Fortress Minerals Limited

Fortress Minerals' Fiscal Q4 Attributable Profit Climbs on Higher Revenue, Lower Costs	04-25	MT
Fortress Minerals Limited Proposes Tax Exempt One Tier Final Cash Dividend for the Year Ended February 29, 2024	04-24	CI
Fortress Minerals Limited Reports Earnings Results for the Fourth Quarter Ended February 29, 2024	04-24	CI
Fortress Minerals Secures 12-Month Offtake Deal with Malaysian Domestic Steel Mill	01-24	MT
Fortress Minerals' Attributable Profit Falls 21% in Fiscal Q3	01-11	MT
Fortress Minerals Limited Reports Earnings Results for the Third Quarter and Nine Months Ended November 30, 2023	01-11	CI
Singapore Shares Return to Black; Stamford Land Shares Slip 3% on Flagging Losses for Fiscal H1	24/10/23	MT
Fortress Minerals Signs Two Offtake Deals with Malaysian Steel Mill	24/10/23	MT
Singapore Shares Plummet on GDP News; Keppel Slips 1% as Flagship Infrastructure Fund Secures $575 Million Funds	13/10/23	MT
Fortress Minerals Profit Slips 5.8% in Fiscal Q2 Despite Revenue Jump	13/10/23	MT
Fortress Minerals Limited Announces Appointment of Edmund Chee Ji Kang as Executive Director, Effective 1 August 2023	31/07/23	CI
Fortress Minerals' Net Profit Falls 40% in Fiscal Q1; Shares Drop 6%	13/07/23	MT
Fortress Minerals Limited Announces the One-Tier Tax Exempt Final Dividend for the Financial Year Ended 28 February 2023, Payable on 28 July 2023	28/06/23	CI
Fortress Minerals Limited to Recommends Final One-Tier Tax Exempt Dividend for Fiscal Year 2023	12/06/23	CI
Fortress Minerals' Net Profit Slips 9% in 12 Months to February Despite Revenue Jump	27/04/23	MT
Fortress Minerals Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended February 28, 2023	26/04/23	CI
Singapore Stocks Slip into Red; Nanofilm Technologies Shares Fall 9% as Q1 Revenue Plummets 40%	20/04/23	MT
Fortress Minerals Signs Nine-Month Offtake Deal with Malaysian Steel Mill; Shares Rise 10%	20/04/23	MT
Fortress Minerals' CFO Resigns	12/04/23	MT
Singapore Stocks End Flat; Sabana Industrial REIT Shares Rise 3% as Portfolio Occupancy Improves to 92.6% in Q1	11/04/23	MT
Fortress Minerals Limited Announces the Resignation of Henry Chow Tiam Chye as Chief Financial Officer	11/04/23	CI
Fortress Minerals Raises SG$9 Million Under Share Placement	11/04/23	MT
Fortress Minerals Gets Regulatory Nod to List Over 23 Million Placement Shares	30/03/23	MT
Optimism Over Banking Sector Pulls Singapore Shares into Black; GS Holdings Shares Rise 4% on JV Termination	21/03/23	MT
Fortress Minerals to Raise SG$9 Million via Share Placement; Shares Drop 12%	21/03/23	MT

Chart Fortress Minerals Limited

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Company Profile

Fortress Minerals Limited is a Malaysia-based investment holding company. The Company operates through two segments: Iron ore and Others. The Iron ore segment is engaged in the exploration, mining, production, and sale of iron ore. The Others segment is engaged in the remaining minor trading and investment holding activities. The Company is principally in the business of exploration, mining, production, and sale of iron ore concentrate. It produces magnetite iron ore concentrate with Tetrafluoroethylene (TFe) grade of 65.0% and above, mined from the East, Valley, and West Deposits in its Bukit Besi Mine, and sell its iron ore concentrate primarily to steel mills and trading companies in the PRC and Malaysia. The principal activities of the Company, through its subsidiaries include acquisition of mines, mining rights, metalliferous land, quarries, and trading in minerals, transport of iron ore and minerals, payroll, corporate services, and others.

Sector

Iron & Steel

Calendar

09/07/2024 - Q1 2025 Earnings Release (Projected)

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Income Statement Evolution

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.2217 USD

Average target price

0.261 USD

Spread / Average Target

+17.75%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Iron Ore Mining

	1st Jan change	Capi.
FORTRESS MINERALS LIMITED	-1.64%	116M
FORTESCUE LTD	-9.68%	53.68B
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KUMBA IRON ORE LIMITED	-19.85%	8.56B
SHOUGANG HIERRO PERU S.A.A.	-2.36%	5.83B
CSN MINERAÇÃO S.A.	-35.25%	5.45B
NMDC STEEL LIMITED	+17.90%	2.11B
HAINAN MINING CO., LTD.	+11.99%	2.04B
DETERRA ROYALTIES LIMITED	-6.45%	1.75B
HBIS RESOURCES CO., LTD.	+12.92%	1.69B

Iron Ore Mining