09:08 AM EDT, 08/30/2024 (MT Newswires) -- Robex Resources ( RSRBF ) on Friday reported an increase in adjusted profit, as net revenue rose.

Adjusted profit, excluding provisions for tax contingencies in Mali, rose to $4.7 million, or $0.051 per share, from $4.3 million, or $0.048 per share.

The company intends to start a sale process for its Mali assets and relist on the Australian Stock Exchange as a development company focused on the Kiniero Project in Guinea. Kiniero is on track for first pour in the fourth quarter of 2025.

Net revenue rose to $18 million, from $15.14 million in the prior year period.