OXR oxiana limited

fin review

  1. 355 Posts.
    Oxiana earnings suffer from strong $A

    The firmer Australian dollar has eaten into gold miner Oxiana's first-half earnings. The company posted an interim net profit of $4.6 million compared with a $6.2 million loss for the same period last year. However, operating earnings before a foreign exchange adjustment and depreciation and amortisation came to $26.4 million. Unrealised foreign exchange losses totalled $10.3 million and depreciation and amortisation amounted to $9.7 million. The company said its cash position at June 30 stood at $74 million and it was free of bank debt and currency and commodity hedging. Yvonne Ball
 
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