WPG Resources Limited (ASX:WPG) has recorded a net profit of $171.8 million for the half year to December 31, 2011.
The result follows the $320 million sale of their iron ore assets to OneSteel Limited (ASX:OST) in 2011.
WPG is set to commence drilling at Giffen Well south of Coober Pedy in South Australia later this month.
