Perseus Mining lifts profit by 288%

Company News


Perseus Mining Limited (ASX:PRU) has announced a record profit of $92.2 million for the 2015 financial year, and increase of 288 per cent on 2014. 
 
The West African gold miner managed a 26 per cent increase in revenue whilst securing a 10 per cent decrease in expenses. 
 
A foreign exchange gain of $52.4 million also added to the bottom line. 
 
The company says it has working capital of $177 million and no third party debt.