Fresnillo Net Profit Declines 70%

Fresnillo PLC FNLPF reported a decline in its net profit and recommended a special dividend. Fresnillo's net profit for the year slipped 70% to $261 million, versus analysts' estimates of $267 million Its revenue declined 25% to $1.62 billion, while earnings before interest, taxes, depreciation, and amortization fell 45% to $730 million. Fresnillo shares closed at $16.20 yesterday.