OM Holdings doubled its profits in 2018, compared with 2017, due to an increase in traded volumes of ores and alloys and stronger prices, underpinned by consistently high demand, the company said.
The Australia-listed manganese and ferro-silicon producer reported an after-tax profit of A$184.7 million ($130.63 million) for the 12 months to December 31, 2018, compared with A$91.4 million for the same period in 2017. Revenue from the group's trading operations increased by 51% to A$1.43 billion in 2018, up from A$947.7 million the previous year. "The increase in the volume of ore and alloys traded as well as the continued robust prices of manganese ore and ferro-alloys...