Independence Group
(ASX:IGO) has announced its unaudited results for the first quarter of the 2017 financial year.
The mining company says its EBITDA was $38.1 million, which is down 3.5% compared to the same period last year.
Also, its NPAT was $10 million, which is far better compared to the net loss of $49.9 million that it posted in the first quarter of FY16.
Independence Group paid a fully franked dividend of 2 cents per share during the quarter, in accordance with its policy to pay 30% of its NPAT as a dividend.
The company also completed an equity placement to raise net proceeds of $274 million.
Independence Group posted a net loss of $58.8 million at 30 June 2016.
