CAPITAL MARKETS

SOG full-year profit falls 10% to $57.2 million

SONS of Gwalia's net profit has declined more than 10% year on year to $57.16 million, with a $25 million writedown on the carrying value of its namesake gold mine near Leonora cutting into the full-year result.

Michael Quinn

SOG full-year profit falls 10% to $57.2 million

The writedown was partially offset by a $7.7 million profit on the sale of the Kemerton silica sand mine south of Perth. Profit after tax but before significant items came in at a record $69.3 million...

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