Jupiter's net profit rises on Tshipi's stellar performance
ASX-listed Jupiter Mines, which holds a 49.9% stake in Tshipi é Ntle Manganese Mining, has recorded a net profit of $40.1-million for the financial year ended June 30, compared with a net profit of $38.9-million reported for the 2024 financial year.
Jupiter's share of profit from Tshipi é Ntle, which owns and operates the Tshipi Borwa mine, in South Africa's Northern Cape province, was $42.5-million for the year under review, compared with $40-million in the prior financial year.
The Australian company points out that Tshipi é Ntle achieved record-breaking results across sales, mining and material processed.
The average manganese price received was $4.02 per dry metric ton unit (dmtu), which was marginally higher than the average price of $3.98/dmtu received in the 2024 financial year.
Tshipi é Ntle's board has declared a final dividend to its shareholders of R300-million for the second half of the financial year, with Jupiter's share equating to R142.2-million, or $12.2-million.
Jupiter, in turn, will pay its shareholders a $0.0075 a share dividend, totalling $14.7-million, for the second half of the financial year.
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