Northern Star posted a half-year net profit after tax of A$79.1 million, down 7% on the previous corresponding period due to the wind-down of the Paulsens mine.
Underlying free cashflow rose by 9% to $61.1 million and cashflow from operating activities was up by 14% to $126.8 million.
Earnings before interest, tax, depreciation and amortisation were $201.7 million and the EBITDA margin was 46.3% - or 50% when Paulsens was excluded.
The company increased its interim fully franked dividend by 50% to 4.5c, in line with its new policy of paying out 6% of revenue.
The dividend equates to $27 million, a drop in the ocean compared to the company’s cash and investments balance of...