Mineral Resources (ASX: MIN) has has signed off on another big financial year with the release of its annual report to the market.
Mineral Resources made a net profit of $165 million in the 2019 financial year, with $1.5 billion in revenue generated and 44 cents per share declared in dividend returns to shareholders.
Commenting on the annual report, Chairman Peter Wade said: “This year has been the most significant in our Company’s history, as we set MRL up for sustainable long-term growth.
“I have spoken in the past of MRL’s focus on 30 to 50-year business horizons, which underpins our daily business decisions.
“I am pleased to report that we have made great progress during the past year, notwithstanding the backdrop of significant global turbulence across capital and commodities markets.
“MRL has achieved another year of strong profits and dividends despite volatility in the Company’s key markets.”