Australian Stock Report - Share Tips
Materials Shares News: Western Areas NL (WSA)
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Publish date: Tue, 14 Feb 2012, 04:05 PM
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Western Areas NL (ASX:WSA) is an exploration company that is involved in the development of the Fox Nickel mine and the exploration of nickel sulfides, platinum group metals and gold.
Material stock Western Area reported a 1H FY12 net profit of $24.1 million, reflecting a 64% drop compared to same period a year earlier.
The company said the price of nickel averaged US$8.51/lb in the first half of its financial year compared to an average of US$ 11.61/lb a year earlier.
WSA slashed its interim dividend in half, declaring $0.05 dividend, unfranked.
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Materials Shares News: Western Areas NL (WSA) is a post from: Australian Stock Report Share Tips
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