Feb 23 (Reuters) - Australian lithium miner Pilbara Minerals Ltd reported its first half-year profit on Wednesday as prices of the battery metal soared due to rising demand from the electric-vehicle industry.
The company posted net profit attributable of A$114 million for six months ended Dec. 31 ($82.31 million), compared with a loss of A$21.2 million a year ago.
($1 = 1.3850 Australian dollars)
(Reporting by Arundhati Dutta in Bengaluru; Editing by Shinjini Ganguli)
((Arundhati.Dutta@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments