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Copper prices halves Sandfire profits

ASX-listed Sandfire Resources has seen its interim profits after tax halved during the six months to December, compared with the previous corresponding period, as lower copper prices impacted earnings.

Profits after tax for the interim period declined from the A$30.6-million reported in the first half of 2015 to A$15.7-million, as sales revenue declined from A$261.8-million toA$228.3-million during the same period.