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Newcrest Mining (NCM)

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Our commentary:

17 Aug: Newcrest Mining today reported its FY09 results, keeping the market content. Net profit of $248.1 million was 85% higher than last year, as soaring gold prices offset weaker copper prices.
Gold hedging shaved off $235 million, whilst NCM reported underlying net profit of $483.1 million, down 2.2%.
Revenue for the year rose 7% to $2.53 billion and the miner posted a final dividend of 15 cents per share, up from 10 cents last year.

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