Syrah Resources Limited (ASX: SYR)

Syrah Resources Limited is an Australia-based industrial minerals and technology company with its flagship Balama Graphite Operation in Mozambique and a downstream Active Anode Material Facility in the United States. The principal activities of the Company include sales of natural graphite and ongoing development of logistics, sales, and marketing arrangements with targeted customers.

Its segments include Balama and Vidalia. The Balama segment is engaged in the production, distribution and sale of natural flake graphite from the Balama Graphite Operation in Mozambique. The Vidalia segment is engaged in the operation and expansion of the Vidalia AAM facility including operation of a qualification facility, the construction of the Vidalia Initial Expansion project, evaluation of the Vidalia Further Expansion project, customer engagement and commercial negotiations, and research and development.

Its subsidiaries include Twigg Exploration and Mining Limitada, Syrah Plus LLC and others.

Top Australian Brokers

City Index - Aussie shares from $5 - Read our review
Pepperstone - Trading education - Read our review
IC Markets - Experienced and highly regulated - Read our review
eToro - Social and copy trading platform - Read our review

REVENUE IN AUD (TTM)

71.95m

NET INCOME IN AUD

-128.61m

Year on year Syrah Resources Ltd’s revenues fell -55.06% from 106.18m to 47.71m. This along with an increase in the cost of goods sold expense has contributed to a reduction in net income from a loss of 26.85m to a larger loss of 85.28m.