PRECIOUS METALS

Newcrest's soaring profits triggers dividend increase

Newcrest Mining saw underlying profit rise by 34% in the 2020 financial year to US$750 million, prompting the company to lift its dividend by 14% to 17.5c per share.

Newcrest CEO Sandeep Biswas

Newcrest CEO Sandeep Biswas

The company's full-year underlying profit rose by 34% to US$750 million, while statutory profit was 15% higher at $647 million. Revenue rose 5% to $3.9 billion, while EBITDA was up 10% to $1.83 billion....

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