Sandfire Resources announced its half-yearly results

Sandfire Resources Limited (ASX: SFR) announced its financial results for the half year ended 31 December 2022 (1HFY23):

• The company reported record sales revenue of AU$431.7 million for the period, boosted by MATSA sales, offset by decreasing production and sales from DeGrussa as the processing of ROM sulphide ore finished in October 2022.
• The revenue result enabled the company's EBITDA of AU$135.9 million with increased depreciation and amortisation following the MATSA purchase, resulting in an AU$27.1 million net loss after tax attributable to equity investors.
• Net cash outflow from operating activities was AU$6.8 million in 1HFY23, impacted by AU$30.1 million of tax payments relating to the FY22, AU$17.7 million of payments for exploration and evaluation and AU$16.1 million of payments relating to DeGrussa wind down expenditure.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com