ILU 1.69% $6.96 iluka resources limited

News: Iluka boosts FY output guidance

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    Iluka Resources Limited (ASX:ILU) has boosted its full year production guidance after reporting strong output figures in the first six months of 2011.



    In the first half of 2011, production of mineral sands was up 17 per cent and sales of mineral sands were up 12 per cent.



    In the same period revenue rose 49 per cent to $1,164 per tonne, while cash costs dropped 5.8 per cent to $549 per tonne.



    Illuka now expects to produce 1.55 million tonnes of mineral sands in 2011, 110,000 tonnes more than pervious guidance.



    In the 2010 financial year Iluka Resources reported a net profit of $36.1 million.


 
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