Atlas Iron has posted a $114.6 million loss due mainly to costs associated with its sale of some mines and takeover of another resources company. The Western Australia-based iron ore miner's result for the year to June 30 was down from a $168.6 million profit in the previous corresponding period. The result included $48.6 million in loss from impairments on its Balla Balla and Yerecoin magnetite projects in Western Australia, which it agreed to sell in December 2011. There was also $19.8 million in costs related to the integration of FerrAus, which Atlas Iron bought in 2011. Underlying profit in the year to June, which excludes those one-off items, was $72 million, down 59 per cent from $174 million.