ILU

Mineral sands mining company, Iluka Resources (ASX:ILU) have announced its full year profit results to shareholders.

• Iluka Resources Net Profit for the full year was $363.2 million, down from 2011 where profit was $541.8 million.
• Iluka revenue was $1.2 billion, down from $1.6 billion.

Mineral sands miner, Iluka Resources (ASX:ILU) have released their 1H First Half year financial results for FY 2012 to the ASX stockmarket.

• Iluka Resources 1H Net profit $274.4 million, up 88.1 per cent on the previous corresponding period - $145.9 million. (1H includes first 6 months to June)
• Revenue from ordinary activities up 15.4 percent to $711 million.

The full year revenue of Iluka Resources (ILU) has spiked up by 75.7 per cent to $1.536 billion compared to its previous year, the mineral sands producer reported today. This was recorded after its revenue for the three months to December rose by 53 per cent to $434 million.

The list below is a record of the top ten best and worst traded stocks in the ASX100, ASX200, and All Ordinaries of the Australian Stock Exchange in the 49th week of 2011, from December 5 to 9, 2011.

Best Performing Trade Stocks ASX100 (XTO)

ASX100

1. BlueScope Steel (BSL) closed its price at 43 cents adding $0.05 or 13.16%

Mineral sands producer Iluka Resources (ILU) has reached an agreement with its customers to sell supplies of rutile and synthetic rutile for higher prices in the first six months of 2012. Iluka made this agreement with its buyers from the pigment, titanium sponge and welding markets.

Next week on September 5, 2011, EGMs are on a rebound as seven companies will convene. upcoming ex-dividends are still on a roll with 41 stocks, but there is only one company scheduled to float.

Dividends

Iluka Resources (ASX:ILU) shares rose 8 percent on top of a deal announcement that will boost second-half prices by 70 to 75 percent. The agreement with high grade titanium dioxide customers involved delivery of rutile and synthetic rutile products in the second half of this year.

Iluka Resources (ASX:ILU) chief executive David Robb says that product supply will be problematic in the coming years, with deficit in some cases.

"We don't give price forecasts, (but) we do think that supply is a problem, and all of our markets are very tight, arguably deficit in some cases," said Robb on Sunday. "There is simply not enough supply, and customers have idle plants.

"We don't see an answer to that for some years.

Winners of the week for the ASX100. These stocks increased their share price by the largest percentage on the Australian sharemarket, the Australian Stock Exchange (ASX) from the previous week of trading (15th week: 11th April to 15th April 2011). Stocks included in this list include: MYR, TAH, TSE, DJS, ILU, TEL, SEK, WES, WBC, CCL. Other lists of ASX companies by market capitalisation.