Noncash items brings down Evolution H1 profit

Gold miner Evolution Mining is expecting a stronger financial result in the second half of the 2019 financial year, after reporting a 26% fall in after-tax net profit during the six months to December.

Evolution on Wednesday reported a net profit of A$91.1-million, compared with the A$122.5-million in the previous corresponding period, and an underlying net profit after tax of A$92.2-million, down from A$124.7-million in the first half of 2018.