Maiden Profit, Dividend for Atlas Iron

The Sydney Morning Herald reports Atlas Iron (ASX:AGO) has posted its maiden annual net profit after a near four-fold jump in export volumes.

The market news is quoted as saying,

Net profit for the year to June 30 was $169 million, compared to a $40.8 million net loss for the previous financial year when the Perth-based company was ramping up production.

Revenue increased almost seven fold to $584.9 million.

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