Newcrest Mining H1 Profit Down 51%

Australia's Newcrest Mining NCMGY reported a 51% drop in its fiscal first-half profit. Newcrest's net profit for the period fell to 320 million Australian dollars (US$329 million), versus A$659 million, in the year-ago period. However, analysts were expecting a profit of A$299.8 million. Newcrest's shares closed at $24.03 yesterday.