Tropicana sale boosts IGO's bottom line

IGO has posted a strong June quarter net profit after tax of A$453 million, including a $385 million post-tax gain on the $903 million sale of 30% of the Tropicana gold operation.

Tropicana sale boosts IGO's bottom line Tropicana sale boosts IGO's bottom line Tropicana sale boosts IGO's bottom line Tropicana sale boosts IGO's bottom line Tropicana sale boosts IGO's bottom line

IGO's Nova nickel-copper mine in WA's Fraser Range

Quarterly sales revenue was $266 million, while underlying EBITDA was $140 million, resulting in an EBITDA margin of 52% for the quarter and full-year.