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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's soaring profits triggers dividend increase Newcrest's soaring profits triggers dividend increase Newcrest's soaring profits triggers dividend increase Newcrest's soaring profits triggers dividend increase Newcrest's soaring profits triggers dividend increase

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.