Regis Resources (ASX:RRL) record net profit up 17%

Company News

by Rachael Jones

Regis Resources (ASX:RRL) has reported net profit is up 17 per cent to $93.4 million compared to the same corresponding period where it stood at $79.9 million.

EBITDA is $185.6 million with strong EBITDA margin of 50 per cent.

The half year interim dividend for FY2020 is 8 cents per share.

The Company has undertaken a period of significant capital investment towards the development of the Rosemont underground and new satellite deposits at DogbolterCoopers, Baneygo and Petra.

Shares in Regis Resources (ASX:RRL) are trading 4.66 per cent higher at $4.49.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.