Talison Lithium Reports Fiscal Q4 and Fiscal Year 2011 Results

Talison Lithium Limited (TSX:TLH) reported results for the fiscal fourth quarter 2011 and fiscal year 2011.

The press release is quoted as saying:

Talison generated revenue of A$26.4 million in the quarter. In US$ terms, sales revenue was 8% higher than Q4 fiscal year 2010 however, in A$ terms sales revenue decreased 11% q/q as a result of the adverse impact of a 21% increase in the value of the A$ against the US$ between the two periods.

Talison generated revenue of A$109.5 million for the year, an increase of 35% compared to fiscal year 2010. The revenue growth reflects both volume growth and better realized pricing. The Company sold 339,501 tonnes of lithium concentrate, a 32% y/y increase. Volume grew as Talison realized the benefits of the completion of its Stage 1 capacity expansion. The Company realized an average sales price per tonne of US$308, a 10% increase from the ASP of US$281 in fiscal year 2010. Revenue was impacted negatively by the 12% increase in the value of the A$ against the US$.

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