Newcrest Mining Limited
(ASX:NCM) has posted a record first half net profit of $659 million, a 50 per cent increase on the previous corresponding period.
Analysts had expected a profit of around $550 million.
Sales revenue for the six months to December 31 rose 19 per cent to $2.3 billion.
Higher gold and copper prices contributed to the earnings increase, offsetting cost pressures.
The miner has increased its interim dividend by 20 per cent to 12 cents.
