News: NCM Newcrest Mining posts HY net profit of $81 million

Feb 15 (Reuters) - Newcrest Mining Ltd (NCM) :

• Asx appendix 4d half year financial report (NCM)
• HY net profit $81 million versus $180 million
• HY sales revenue $1.55 billion versus $1.78 billion
• Says directors have determined that there will be no interim dividend for the half year ended 31 December 2015
• "Remains comfortable with this level of debt given the near term cash flow outlook of the group"
• Production guidance for the 2016 financial year remains unchanged
• Has no present intention to raise equity"
• "Cost, capital and depreciation guidance for the 2016 financial year remains substantially unchanged"
• "Maintain a gearing ratio of below 25%"
• "Total capital expenditure outlook of $480-575 million"