Iluka Resources Limited : Iluka Says 1Q Zircon Sales Soft, Sees Higher 2012 Earnings
05/22/2012| 10:09pm US/Eastern
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Australian mineral sands producer Iluka Resources Ltd. (ILU.AU) still expects a material increase in earnings and free cash flow this year, and will likely maintain a "cash buffer" until the current global economic turmoil eases, its managing director said Wednesday.
David Robb also told shareholders that while the company doesn't publish revenue figures until its June quarter report, sales of zircon in the first quarter were "soft."
-By Rhiannon Hoyle, Dow Jones Newswires; 61-2-8272-4625; rhiannon.hoyle@dowjones.com
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