Newcrest Mining Posts 50% Rise In First-Half Net Profit

Newcrest Mining Ltd NCMGY reported a 50% surge in its financial half-year profit. Newcrest Mining's net profit for the period climbed to A$659 million (US$710.9 million), from A$438 million, in the year-ago period. Its sales revenue jumped 19% to A$2.34 billion from A$1.97 billion. Newcrest Mining declared an interim dividend of 12 cents per share, up from 10 cents per share, in the year-ago period. Newcrest Mining shares closed at $36.11 yesterday.