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Sixfold profit jump 'not likely to recur'

By FINOLA BURKE

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NIUGINI Mining Ltd yesterday reported a sixfold increase in 1995 net earnings after a 56 per cent increase in sales revenue to $125.4 million.

The gold company, which has mines in North Queensland and Chile and a 17.15 per cent interest in Lihir Gold Ltd, said the result was achieved despite increased depreciation and amortisation charges and following strong cashflows.

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    Original URL: https://www.afr.com/politics/sixfold-profit-jump-not-likely-to-recur-19960213-k6sik