Jubilee Mines NL (ASX: JBM) today announced a 67% increase in net annual profit to a record $173.1 million, heralding its strongest-ever financial performance during its 20th anniversary as a listed company. The outstanding result further reinforces Jubilee’s position as one of Australia’s most profitable and successful mining companies, with an exceptional gross profit margin of 70.6% achieved for the year.
After taking into account ongoing capital requirements for development and exploration, Jubilee’s Board has declared a record final fully franked dividend of 37 cents per share (2006: 27 cents), increasing the full-year payout to 67 cents. The final dividend will be paid on 21 September 2007.
JBM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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