Kazakhstan- and London-listed Kaz Minerals has reported an 11% jump in underlying profit to $530-million in 2018, as its revenue grew to $2.16-billion on the back of increased copper production and higher copper prices.
The miner produced 14% more copper at 294 700 t and increased its sales by 15% to 296 000 t.
Kaz generated free cash flow of $585-milllion, compared with $452-million in the prior year.
A final dividend of 6c a share was recommended, which together with the interim dividend of 6c a share, brings the total dividend for 2018 to 12c a share.