Western Areas Helped by Strong Nickel Price

The Australian reported that Western Areas (ASX:WSA,TSX:WSA) reported $28.3 million in profits for the first half of the year, up from the previous period.

As quoted in the publication:

The resultant full-year profit of $32.6m was up from $5.6m in 2013 and comfortably exceeded market expectations, as did the decision to pay a final fully franked dividend of 4c a share, taking the full year payout to 5c, up from 2c a share previously, Managing director Dan Lougher said the performance was more than simply a nickel price rise story. “We believe that the net rise in price plus our determined work on reducing costs has reaped benefits,’’ he said.

Click here to read the full article from The Australian.