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Metro Mining Limited and Controlled Entities ABN 45 117 763 443 Appendix 4D Results for announcement to the market ( all comparisons to half - year ended 30 June 2020 ) $ ' 000s Movement Movement % Revenue from ordinary activities 31,650 Decrease ( 52.28 ) Loss after tax from ordinary activities ( 87,095 ) Increase 1,473.82 Underlying loss before tax from ordinary activities ( i ) Underlying EBITDA from ordinary activities ( i ) ( 22,864 ) Increase 225.48 ( 16,505 ) Increase 3,559.69 ( i ) The financial results of Metro Mining Limited are reported under International Financial Reporting Standards ( IFRS ) . These half - year results include certain non - IFRS measures including Underlying Loss after Tax from Ordinary Activities and Underlying EBITDA . These measures are consistent with measures used internally and are presented to enable understanding of the underlying performance of the Company . Non - IFRS measures have not been subject to audit or review . A reconciliation to Loss after Tax from Ordinary Activities is included below . The first half result was directly impacted by the Bauxite Hills mine not operating ( as planned ) during the wet season ( notionally the March quarter ) , by historically high ocean freight rates and by impairment losses and the de - recognition of previously recorded deferred tax assets . Dividend information No dividends were declared or paid during the financial period . Net tangible assets per security Net tangible assets per security 30 Jun 2021 30 Jun 2020 $ 0.018 Reconciliation of loss before tax from ordinary activities to underlying EBITDA from ordinary activities Loss before tax from continuing operations 6 Months 30 Jun 2021 $ ' 000s ( 77,939 ) ( 280 ) $ 0.079 6 Months 30 Jun 2020 $ ' 000s ( 7,764 ) 710 Foreign exchange loss Amortisation of deferred borrowing costs 39 29 Impairment 55,316 Underlying loss before tax ( 22,864 ) ( 7,025 ) Net finance costs ( excluding leasing expense ) 1,837 2,098 Depreciation and amortisation 4,522 4,475 Underlying EBITDA from ordinary activities ( 16,505 ) ( 452 ) 1