Regis announces record net profit after tax of $174m

Company News

by Anna Napoli

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Last Updated: 21/02/2020 12:42 PM

Regis Resources (ASX:RRL) has reported a 26 per cent increase in profit after tax to $174 milion for the 2018 financial year.

The company’s gold revenue lifted 11 per cent on the previous year to $604 million.

In more good news for the gold mining company, its earnings before interest and tax (EBITDA) lifted over 23 per cent on the prior year, to almost $313 million

The company declared total dividends of 16 cents per share for the 2018 financial year, a rise of 7 per cent on last year.

Shares in Regis Resources (ASX:RRL) are trading 2.88 per cent higher to $4.11.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.