Newcrest stat profit falls while revenue rises

Company News

by Mary Saliba

Newcrest Mining (ASX:NCM) has reported its net profit attributable to members fell 7 per cent to US$308 million in the financial year ending 30 June 2017 compared to the prior corresponding period

The gold producer’s revenue meantime rose 6 per cent in the same period to US$3.5 billion.

The company’s EBIT also charged upward, rising 21 per cent to US$719 million.

Newcrest mining declared a final dividend of 7.5 US cents per share with 70 per cent franked.

The final dividend will be paid on the 27th of October 2017.

Shares in Newcrest Mining (ASX:NCM) are trading 0.76% lower to $21.68.