OM Holdings posts record year

Increased production and higher prices have resulted in manganese producer OM Holdings reporting a record financial performance in the 12 months to December.

OM Holdings on Monday reported that earnings before interest, tax, depreciation and amortisation for 2018 increased from A$186.1-million to A$339.7-million, while profit after tax doubled to A$184.7-million, from A$91.4-million.