BC Iron’s net profit increases in FY 2013-14

Australian iron ore development company BC Iron has announced its fiscal results for the financial year 2013-14 ended June 30, posting a net profit of A$73.6 million, increasing by 51 percent year on year, reflecting record financial results notwithstanding the macroeconomic and industry challenges experienced in the second half of the financial year. In the given year, BC Iron's sales revenues amounted to A$471.4 million, up 44 percent compared to the previous financial year.
 
In the given period, BC Iron shipped 5.79 million wet mt of iron ore, up 16 percent year on year.