kaband @shutterstock

• On Wednesday (7 June 2023), CIA shares closed 2.28% lower at AUD 6.010 apiece after the company updated about the impact of forest fires in Quebec on its operations.
• For FY23, the company reported a net profit of AUD 200.71 million on revenues of AUD 1,395 million.
• Despite the drop in net profit in FY23, the company is optimistic about its performance in the future as it foresees significant demand for high-grade iron ore