Newcrest Mining Record Profits

Submitted by Share Trading on 16 August, 2010 - 11:02

Australian Gold and Copper mining company, Newcrest Mining (ASX:NCM) have announced record profits, more than doubling their net profits to $556.9 million. For the year ended 30 June 2010 Newcrest reported Underlying Profit of $763.7 million, an increase of 58% over the prior year result of $483.1 million. The company pinned down the reasons for the significant increase in profit to "increased gold production, lower operating costs and higher commodity prices."

Newcrest Dividends

Newcrest have announced a final dividend of 20 cents per share unfranked, with the full year dividend totalling 25 cents per share. Up 5 cents from the corresponding period last year.

Post new comment

The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd> <blockquote> <h2> <h3>
  • Lines and paragraphs break automatically.

More information about formatting options

CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
4 + 12 =
Solve this simple math problem and enter the result. E.g. for 1+3, enter 4.

Download our FREE App


Signup for Free
Don't miss out on your free share trading articles.


Free Risk Money Management Calculator for those who sign up!