African Barrick Gold Q4 Net Profit Drops 33%

African Barrick Gold PLC

posted a 33% decline in its fourth quarter net profit. African Barrick Gold's fourth quarter net profit attributable to shareholders dropped to $52.7 million. Its sales fell 8% to $285 million. African Barrick Gold's earnings before interest, taxes, depreciation and amortization (EBITDA) declined 14% to $115 million. For the full year 2011, African Barrick Gold's net profit attributable to shareholders climbed 26% to $274.9 million. It proposed to lift the final dividend of 13.1 U.S. cents per share.