Deterra Royalties Limited announced its 1HFY23 Results

Deterra Royalties Limited (ASX: DRR) announced its 1HFY23 results as follows:

• Revenue for the period was AU$96.4 million, up 3.9% from the previous comparative period.
• EBITDA of AU$91.7 million maintains a market-leading margin of 95%.
• The company has decided to pay a fully franked interim dividend of AU$63.4 million, or 12.00 cents per share to eligible shareholders which amounts to 100% of NPAT.
• Mining Area C production volumes grew 27% to 62.7 million wet metric tonnes, keeping the South Flank project on track.
• On November 30, 2022, Deterra announced the nomination of Mr. Jason Neal as a non-executive director to its board. Mr. Neal has 25 years of expertise in the mining industry as an executive and in investment banking.

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