Sandfire open for business

SANDFIRE Resources boss Karl Simich has urged companies with “interesting” projects to talk to the cashed up copper miner.

Sandfire open for business Sandfire open for business Sandfire open for business Sandfire open for business Sandfire open for business

The company today announced a 66% jump in half-year net profit after tax to A$59.5 million on record revenue of $296.2 million and cashflow from operating activities of $106.3 million.

Sandfire declared a fully franked interim dividend of 8c per share, up from 5c per share for the previous corresponding period.

Sandfire closed 2017 with no debt and $164.4 million in cash, and chief financial officer Matt Fitzgerald told a teleconference that the company was “accumulating cash at a very pleasing rate”.

Simich said the company was in a strong position to act on external growth opportunities.

“We’re very active and in an excellent position from a strategic point of view, fro...