2 standout ASX results from last week
James Mickleboro | February 13, 2021 11:00am |
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Last week earnings season went up a gear with a number of popular companies releasing their results.
Two that caught my eye are listed below. Here’s a summary of their results:
Newcrest Mining Ltd
This gold miner’s half year results caught the eye of investors last week. Thanks to a strong rise in its realised gold price, Newcrest reported a 48% increase in its All-In Sustaining Cost (AISC) margin to US$842 per ounce.
This ultimately led to Newcrest delivering bumper sales and profit growth during the period. For the six months ended 31 December, Newcrest reported a 21% increase in revenue to US$2.17 billion and a whopping 98% jump in underlying profit to US$553 million.