FilingReader Intelligence

IRC warns loss to surge to $110m on impairment

August 21, 2025 at 02:11 PM UTCBy FilingReader AI

IRC Limited expects a consolidated loss of $90-110 million for the six months ended June 30, compared to $13.2 million in the same period last year.

The increase is mainly due to a projected $120 million asset impairment loss provision for the K&S mine, attributed to Russian Rouble appreciation affecting operating costs.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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