OMH Profit Drops Sharply Despite Record Output

Mining Weekly reported that despite higher production levels, OM Holding’s (ASX:OMH) half year profit dropped by a third.

The market news is quoted as saying:

OMH reported a 22% increase in revenue to A$161.7-million, helped by higher shipments of manganese ores, higher alloy and sinter sales, and an increase in third-party manganese ore, chrome, iron-ore and alloy trading activities.

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