Evolution bolsters dividend amid brightening outlook

EVOLUTION Mining has reported a set of flat full-year results, but has boosted its dividend by 50%.

Evolution bolsters dividend amid brightening outlook Evolution bolsters dividend amid brightening outlook Evolution bolsters dividend amid brightening outlook Evolution bolsters dividend amid brightening outlook Evolution bolsters dividend amid brightening outlook

Jake Klein at Diggers & Dealers last week

Statutory net profit after tax dropped 17% to A$218.2 million, while EBITDA was down 8% to $730.3 million.

The group EBITDA margin was down 10% to 48%.

Operating cashflow fell 5% to $771.