UPDATE 3.15pm: Atlas Iron has posted an 81 per cent drop in full-year operating profit to just $14 million on a back of lower iron ore prices and the strong Australian dollar.
The result was achieved on record revenue of $695 million, up 13 per cent on the previous year, based on record exports of 7.4 million tonnes.
However the company reported a statutory full-year loss of $245.1 million, arising from writedowns on asset values for undeveloped exploration areas.
The Pilbara miner maintained its unfranked dividend of three cents for the year.
Atlas managing director Ken Brinsden said the strong production growth and operating cash flows (of $141.8 million) had continued in the new financial year.
"The company's ability to continue paying a dividend while investing in the development of new mines and infrastructure highlights the cash-generating power of our growing Pilbara production base," he said.
The company gave full-year production guidance of 9.8-10.3 million tonnes with cash operating costs of $49-$53 a tonne.
Atlas said it had $417 million in cash in the bank at the end of June.Shares in the miner closed down 9.5 cents, or 10.22 per cent, at 83.5 cents.