Western Areas posts highest NPAT in seven years

Higher nickel prices has boosted the bottom-line for producer Western Areas during the full year ended June, despite a decrease in both production and sales for the 12 months under review.

ASX-listed Western Areas on Tuesday reported that sales revenue for the full year ended June had increased to A$308.4-million, up from the A$268.7-million reported in the previous financial year, despite production falling from 21 700 t to 20 900 t, and sales falling from 21 500 t to 19 900 t.