Abterra, the supply chain manager of resources and minerals, managed to swing back into the black with a net profit of $13.3 million for the financial year ended 31 December 2009 (FY2009) largely due to a gain from the revaluation of a mining asset.
Turnover of the year fell 61% y-o-y from $392 million to $151.9 million as revenue from the trading of iron ore declined 92% while revenue from the trading of coke and coal decreased 53%, mainly due to the tightening of credit facilities in the market, amid the financial turbulence.
