Market Overview

African Barrick Posts Drop In H1 Production, Profit

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African Barrick Gold (OTC: ABGLY) reported a decline in its first half profit and production. However, the company projects production to increase in the second half.

African Barrick's first half production declined 14% y/y to 297,742 ounces. Its revenue fell 8% y/y to $534 million.

African Barrick's net profit dipped 46% to $65 million. Its EPS came in at 15.9 cents.

African Barrick also proposed an interim dividend of 4.0 cents per share.

Posted-In: profitEarnings News

 

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