OM Holdings’ profits fall in 2019

Weaker manganese ore and ferroalloy prices has seen vertically integrated manganese mining, smelting and trading company OM Holdings report a 32% decrease in revenues for the 2019 financial year.

The ASX-listed company on Friday reported that revenue for the full year reached A$1.03-billion,d own from the A$1.51-billion in the 2018 financial year, while earnings before interest, tax, depreciation and amortization decreased from A$339.7-million to A$154.5-million.