Newcrest Mining H1 Profit Down 51%
Australia's Newcrest Mining (OTC: NCMGY) reported a 51% drop in its fiscal first-half profit.
Newcrest's net profit for the period fell to 320 million Australian dollars (US$329 million), versus A$659 million, in the year-ago period. However, analysts were expecting a profit of A$299.8 million.
Newcrest's shares closed at $24.03 yesterday.
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