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Base ups profits, becomes debt free

Base Resources (AIM:BSE) increased profits in the first half of the 2019 financial year and also became debt free in December.

Base ups profits, becomes debt free Base ups profits, becomes debt free Base ups profits, becomes debt free Base ups profits, becomes debt free Base ups profits, becomes debt free

Base Resources had overall steady production over the July-December period

Net profit after tax rose 4% year-on-year to US$17.4 million, with revenue up 13% to $102.2 million due to higher rutile and zircon prices, which also boosted EBITDA by 7% to $57.5 million.