Resolute Mining
(ASX:RSG) has reported unaudited net profit after tax of $136 million for FY17, a drop from FY16’s $201 million.
The gold producer says its NPAT fell on the back of a one off positive adjustment for discontinued operations.
Resolute Mining’s unaudited total gold and silver sales revenue slipped to $541 million, from $554 million in FY16.
Resolute Mining says in the course of the 2017 financial year, its net cash position improved to $173 million thanks to organic growth and low costs.
Shares in Resolute Mining
(ASX:RSG) last traded flat at $1.08 on Friday.
