Australian gold producer, Doray Minerals Ltd (ASX:DRM), has announced its unaudited full year results for FY16.
The company owns two high-grade Western Australia gold assets, and said its revenue was $131 million – which was within guidance.
Doray reported that its net profit before tax was $17.5 million.
The company also reported cash flow from operations was up 8.7%, despite lower production. Doray also said its EBITDA margin of 47.8% was among the highest compared to any other gold producer listed on the ASX.