Profits down for Minara

MINARA Resources has recorded a significant drop in profits for the half year to June 30 due to a range of cost pressures.

Profits down for Minara Profits down for Minara Profits down for Minara Profits down for Minara Profits down for Minara

The company recorded a net profit after tax of $50.9 million, compared with $245.9 million for the corresponding half yearly period in 2007.

Gross profit was $82.

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