Newcrest profit plunge keeps investors waiting for return

By Kim Christian
Updated February 17 2014 - 7:03am, first published 4:00am
Newcrest shares fell 1.3 per cent after the company announced a net profit of $40 million for the six months to December 31, down 88 per cent from a first half profit of $323 million a year ago.
Newcrest shares fell 1.3 per cent after the company announced a net profit of $40 million for the six months to December 31, down 88 per cent from a first half profit of $323 million a year ago.

NEWCREAST Mining expects to be in a sustainable cash position by the end of the financial year as it keeps a lid on costs and pays down debt.

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