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...