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Evolution raises dividend on strengthening gold tide

ASX gold leader Evolution Mining has reported a set of flat full-year results, but has boosted its dividend by 50%.

Evolution raises dividend on strengthening gold tide Evolution raises dividend on strengthening gold tide Evolution raises dividend on strengthening gold tide Evolution raises dividend on strengthening gold tide Evolution raises dividend on strengthening gold tide

Jake Klein at Diggers & Dealers in Western Australia last week

Statutory net profit after tax dropped 17% to A$218.2 million, while EBITDA was down 8% to $730.3 million. The group EBITDA margin was down 10% to 48%.

Operating cashflow fell 5% to $771.