02:44 AM EDT, 03/17/2023 (MT Newswires) -- Southern Alliance Mining (SGX:QNS) booked an after-tax loss of 7.0 million ringgit, or 0.0143 ringgit per share, in the fiscal first half, against an attributable profit of 19.4 million ringgit, or 0.0396 ringgit per share, a year ago.
Revenue for the six months ended Jan. 31 dropped 47% year over year to 52.2 million ringgit from 98.5 million ringgit, mainly due to "intense overburden removal activities" at the Chaah mine during the period, according to a Thursday bourse disclosure.
The iron ore company did not recommend any dividend for the reporting period.
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