Copper and gold miner Oz Minerals has reported a 127.4% fall in underlying earnings before interest, tax, depreciation and amortization (Ebitda) for the first half ending June, while net profits after tax declined by 83.9%, compared with the previous corresponding period.
Oz on Wednesday told shareholders that the interim results were affected by shipments being moved to the third quarter of the year, to accommodate customer preference, resulting in net revenue declining by 111.1% to A$419.2-million.