市场见解

Iluka (ASX:ILU) share price slumps 6% on FY21 results

Shares in the Aussie resources group have been smashed on Wednesday morning
The post Iluka (ASX:ILU) share price slumps 6% on FY21 results appeared first on The Motley Fool Australia. –

The Iluka Resources Ltd (ASX: ILU) share price has fallen more than 6% in early trade. Today’s slump comes after the Aussie resources company’s latest results release.

Iluka share price slumps 6% on half-year results

Iluka provided its operational and financial results for the half-year ended 30 June 2021 (1H21). This morning’s release was punctuated by a number of headline growth figures, including:

The group reported mineral sands revenue up 61% on 1H20 figures to $735.6 million
Underlying Group earnings before interest, tax, depreciation and amortisation (EBITDA) climbed 37% to $308.2 million
Net profit after tax (NPAT) up 14% to $129.0 million
A 288% increase in free cash flow to $179.3 million
An interim dividend of 12 cents a share

It’s worth noting that Iluka had already provided a second-quarter update on 22 July. The Iluka share price leapt 4.5% following that announcement which contained many of the key production and earnings figures included in the half-year result.

The Aussie resources company did have several supply and demand concerns in the latest result.

Already strong demand for high-grade titanium dioxide feedstock was “amplified” by increased concerns around future supply and the settlement of a contract dispute with a major customer.

There was also a “significantly reduced” earnings contribution from the group’s Mining Area C royalty after its recent demerger. Iluka retains a 20 per cent stake in the ASX-listed Deterra Royalties Ltd (ASX: DRR) business.

There was also lower production at Iluka’s Jacinth-Ambrosia, South Australia and Cataby, Western Australia sites during the half.

However, Iluka still managed to boost volumes and more than offset foreign exchange impacts on earnings. It wasn’t enough for investors though as the Iluka share price remains under pressure on Wednesday.

Foolish takeaway

The Iluka share price slumped more than 6% early on Wednesday following its latest update. At the time of writing, it had pulled back to $8.66 a share, down 4.42%.

However, Iluka’s share price remains up 33% in 2021. That’s well ahead of the S&P/ASX 200 Index (ASX: XJO)’s year to date return of 12.8%.

The post Iluka (ASX:ILU) share price slumps 6% on FY21 results appeared first on The Motley Fool Australia.

Should you invest $1,000 in Iluka right now?

Before you consider Iluka, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Iluka wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of August 16th 2021

More reading

Iluka (ASX:ILU) share price on watch as interim dividend returns
ASX 200 Weekly Wrap: Just like that… ASX back to record highs

Motley Fool contributor Ken Hall has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

随时随地,交易世界!

移动APP平台,拥有 12 个市场的 50,000 多种全球上市证券(全球市值超过 70%),直接在您的 Android 或 iOS 设备上即可操作。

与独有的交易理念和投资分析工具相结合,帮助您在我们 12 个全球市场中的几乎所有金融工具上找到可操作的见解,从而帮助您优化交易策略。

推荐给您的朋友

向您的朋友推荐Monex并赠予他们免费使用我们交易工具的机会

我们尊重您的隐私,只会向您的朋友发送一封邮件 

与您的朋友分享

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!