Independence Group (ASX:IGO) has reported a 210 per cent increase in net profit (NPAT) to $53 million for the 2018 financial year.
The mining company’s total revenue and other income lifted 85 per cent on the previous year to $781 million.
Underlying earnings (EBITDA) rose over 125 per cent, to almost $339 million
The company declared a final fully franked dividend of 2 cents.
The company says the strong revenue and earnings were driven by the successful delivery of the first year of commercial production at the Nova mine, strong gold production from Tropicana and improved Australian dollar metal prices.
Shares in Independence Group (ASX:IGO) are trading 3.3 per cent higher at $4.45