Revenues and profits fall at Oz Minerals

Copper miner Oz Minerals has nearly halved its net profits after tax for the full year ending December, with the miner reporting that net profits fell to A$163.9-million from the A$222.4-million reported in the previous full year.

Underlying net profits after tax declined from A$228.3-million to A$163.9-million, while underlying earnings before interest, tax, depreciation and amortization declined from A$540.4-million to A$462.4-million.