Freehill Mining Limited (ASX:FHS) Reports Record Sales Growth
Sales Performance
Freehill Mining Limited (ASX: FHS) has reported a record gross sales figure of $363,000 for November, marking a 27.8% increase from the previous month. This strong performance is attributed to a continued rise in demand for materials to support local infrastructure projects. The company also revised October’s gross sales upwards to $284,000 due to unexpected customer demand at the month’s end.
Cumulatively, Freehill has generated gross waste material sales of $647,000 in the first two months of the December quarter, reflecting a 35.8% increase compared to the previous quarter’s sales of US$470,000.
Operational Updates
The company noted its operational focus is on stabilising supply to meet production quotas while enhancing margin growth. Two processing plants are now fully operational, with the smaller on-site plant having recommenced operations after being idle since July. This development is expected to lead to expanded production output and further sales momentum.
Management Insights
Freehill Managing Director Paul Davies commented, “The sales trend in the December quarter is a testament to the strong market position that Freehill has now established as a credible and trusted materials supplier supporting major infrastructure projects.” He expressed confidence that sales will continue to rise, alongside a commitment to optimising processing operations for enhanced margin and profit growth into 2025 and beyond.
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