Randgold Reports Strong Rise In Q4 Profit

Randgold Resources Ltd GOLD reported a strong rise in its Q4 net profit. Randgold's board proposed to lift the annual dividend to $0.40 per share, up from $0.20 per share in 2010. Randgold's quarterly net profit attributable to shareholders climbed to $115.5 million, from $26.8 million, in the year-ago period. Its gold output in 2011 jumped 58% to 696,023 troy ounces. Randgold shares gained 4.02% to $120.84 in pre-market trading.