JOHANNESBURG (miningweekly.com) – Bindura Nickel Corporation, a 74.43%-owned subsidiary of Aim-listed ASA Resources, on Friday reported a profit before tax of $1.4-million for the year ended March 31, up 15% from the prior year.
The company's profit after tax was $609 000, compared with a profit of $649 000 the year before.
The company also reported a 7% year-on-year increase in turnover to $45.1-million, compared with $42.3-million the year before.
The increase came on the back of a 2% year-on-year rise in production at its mining complex in Zimbabwe, to 6 762 t, paired with cost-cutting measures, which resulted in a 17% reduction in C3 cost.