Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

BRIEF-Newcrest Mining posts HY net profit of $81 million

Published 15/02/2016, 11:05 am
© Reuters.  BRIEF-Newcrest Mining posts HY net profit of $81 million
NCM
-

Feb 15 (Reuters) - Newcrest Mining Ltd NCM.AX :

* Asx appendix 4d half year financial report NCM.AX

* HY net profit $81 million versus $180 million

* HY sales revenue $1.55 billion versus $1.78 billion

* Says directors have determined that there will be no interim dividend for the half year ended 31 December 2015

* "Remains comfortable with this level of debt given the near term cash flow outlook of the group"

* Production guidance for the 2016 financial year remains unchanged

* Has no present intention to raise equity"

* "Cost, capital and depreciation guidance for the 2016 financial year remains substantially unchanged"

* "Maintain a gearing ratio of below 25%"

* "Total capital expenditure outlook of $480-575 million"

* Source text for Eikon ID:nASX1jr8v5

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.