Reuters logo
Randgold Q4 profit up 76 pct; raises annual dividend by 52 pct
February 6, 2017 / 8:10 AM / 8 months ago

Randgold Q4 profit up 76 pct; raises annual dividend by 52 pct

Feb 6 (Reuters) - Gold miner Randgold Resources Ltd reported a 76 percent rise in fourth-quarter profit and said it would raise its annual dividend by 52 percent.

The stock rose as much as 4.8 percent to 7,190 pence in early trading making it a top gainer on FTSE 100 index.

The company which has gold mines in Mali, Ivory Coast and the Democratic Republic of Congo, said profit rose to $94.3 million for the quarter ended Dec. 31 from $77.3 million, a year earlier. Gold production rose about 16 percent to 378,388 ounces in the same period from a year ago.

Randgold said the company had achieved its cash target of $500 million without any debt. (Reporting by Sanjeeban Sarkar in Bengaluru; Editing by Amrutha Gayathri)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below