OZ Minerals Limited
(ASX:OZL) has recorded an underlying net profit of $51.8 million in its half year financial results.
The figure is a $66.1 million improvement on the copper miner’s result from the previous corresponding period.
Oz Minerals has also increased its cash balance by $191 million from 31 December 2014 to $409.5 million.
The company says the improved cash generation was due to the rapid reduction in waste movement from the Malu open pit.
The board has declared an interim dividend of 6 cents per share.
