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May. 15, 2013 01:27PM PST
Almonty Industries Inc. (TSXV:AII) filed its financial statements and management discussion & analysis (MD&A) for the three and six month periods ended March 31, 2013. Highlights include a reported revenue of $5,005 and a gross profit of $2,565.
As quoted in the press release:
Almonty reported revenue of $5,005, gross profit of $2,565 representing a gross profit margin of 51.2%, EBITDA1 of $1,819 and net income of $201 for the three month period ended March 31, 2013.
Almonty mined 159,886 tonnes of ore at a weighted average grade of 0.29% WO3 for the three month period ended March 31, 2013.
Almonty Industries Inc. Chief Executive Officer, Lewis Black, said:
Q2 was another excellent quarter for production and Almonty benefitted from increasing APT prices during the quarter. Production costs should continue their downward trend as additional cost saving measures start to materialize. The short-term market demand for tungsten concentrate appears to be stabilizing and we anticipate the APT commodity pricing environment to remain at or near current levels for the balance of Q3 2013.
Click here to read the Almonty Industries Inc. (TSXV:AII) press release
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