Mineral Resources has flagged a full-year earnings upgrade of 25 per cent for the 2017 financial year, after achieving a 191 per cent lift in net profit.
The iron ore and lithium miner will pay a half-year dividend of 21 cents per share, after its exports over the first half of FY2017 hit a record high.
Mineral Resources' revenue was up 35.6 per cent on the previous corresponding half year, to $782.7 million, driving a net profit of $140.3 million.
Mineral Resources’ iron ore business increased its export volumes by 14 per cent, to 6.7 million tonnes, which was sold at an average price of $79.30 per wet metric tonne.
Cash costs were down 3 per cent in the period, to $39.40/wmt.
The company also made its first lithium shipment from Mt Marion earlier this month.
Mineral Resources upgraded its outlook for the full financial year, saying its earnings before interest, taxation, debt and amortisation would increase by 25 per cent, to between $480 million and $520 million.
At close of trade today, Mineral Resources shares were steady at 13.5 cents.
