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.
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