Evolution Mining has swung to a half year net loss of $15.5 million after accounting for amortisations and one-off costs related to recently acquired mines.
Underlying profit for the six months ended December 31, however, jumped 150 per cent to $107.9 million, helped by its acquisitions of the Cowal mine in NSW and Mungari mine in Western Australia last year.
Sales revenue for the six months rose 87 per cent to $607.1 million, the gold miner said.
The company will pay an interim dividend of 1.0 cent per share, unfranked, and said the board plans to review the dividend policy at the time of full year accounts, in view of the strong cash generation.
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