Matrix Composites and Engineering has confirmed a $14.4 million operating loss for the year ended June 30, driven largely by a 17 per cent drop in total revenue.
Matrix Composites and Engineering made a strong debut on the local stock market today, with its shares closing at a 36 per cent premium to its issue price.
West Perth based Matrix Metals will commence copper production at the Mt Watson and Cuthbert project after executing an agreement with Glencore International AG which will provide $2.5 million in equity funding and a debt facility of $10 million.
19 Oct 2006
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