Fresnillo Posts 22% Drop In H1 Profit, Lowers Interim Dividend

Fresnillo PLC (OTC: FNLPF) reported a 22% drop in its first-half pretax profit. It also announced its plans to lower its interim dividend by 26%. Fresnillo's total Revenue for the period rose to 1.09 billion dollars, from $1.06 billion, in the year-ago period. Its adjusted revenue climbed to $1.14 billion from $1.11 billion.Fresnillo's pretax profit dropped to $603.3 million from $776.1 million, while adjusted pretax profit fell to $566.9 million from $682.5 million. Its EBITDA declined to $684.4 million from $753.7 million, while adjusted diluted EPS dropped to $0.475 from $0.588.