Copper and gold mining company, OZ Minerals Ltd
(ASX:OZL), says it performed strongly in the first-half of this year.
OZ Minerals announced its net profit was $29.5 million, which is a drop of 43% compared to the first-half of last year.
But on an underlying basis, the company’s net profit was $55 million. This is an improvement as, last year, its underlying net profit was $51.8 million.
The company also says the average price of copper fell 15% in the first half of the year. But despite that, its revenue rose 8.2% to $398.3 million.
OZ Minerals has declared an interim dividend of 6 cents per share (totalling $18.1 million), which will be paid on 23 September.
