Newcrest Mining
(ASX:NCM) has reported a 55 per cent decline in profit for the six months to 31 December 2015.
Statutory profit came in at US$81 million, compared to US$180 million for the same period a year ago.
Revenue was 13 per cent lower, coming in at US$1.55 billion.
The company says the result is a strong one in light of lower gold and copper prices, as well as a weaker US dollar.
The board has determined that given the financial metrics of the company, no dividend will be paid to shareholders.
