OZ Minerals lifts dividend despite slide in profit

Company News

by Anna Napoli

OZ Minerals (ASX:OZL) has announced half year results for financial year 19 with net profit underlying NPAT falling 8.7 per cent to $222 million.

The result was in line with prior year's strong performance despite expensing an additional $46 million on progressing growth projects

Revenue increased 9.2 per cent to $1.1 billion.

Earnings (underlying EBITDA) were almost flat at $540 million.

Management declared a fully franked final dividend of 15 cents per share, taking full-year payout to 23 cents, up 20 per cent from the year earlier period.

Shares in OZ Minerals (ASX:OZL) trading 0.65 per cent higher at $10.78.

 

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.