Western Areas swings back to profit

February 21, 2017

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Nickel miner Western Areas has swung back to profit in the half-year ended December, as earnings before interest, tax, depreciation and amortization (Ebitda) improved by 58% over the previous corresponding period.

Ebitda for the half-year reached A$29.5-million, resulting in net profit after tax increasing from a loss of A$20-million to a A$500 000 profit.

Category: General