CAPITAL MARKETS

SOG full-year profit slumps 40%

SONS of Gwalia has closed off its accounts in a year it would prefer to forget with its profit slumping nearly 40% to $34.5 million in 2002-03.

Michael Quinn
SOG full-year profit slumps 40%

The big drop would have been worse but for a $9.3 million boost via significant items, and was principally a result of the gold division's margins declining due to lower than expected grades, lower grades...

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