BNC posts after tax profit of $11,1 million

BINDURA Nickel Corporation (BNC) posted a profit after tax of $11,1 million for the year ended March 31, 2015, less than half of what it recorded in the previous year as an increase in the cost of sales eats into the company’s bottom line.

In the year ended March 2014, BNC recorded an after tax profit of $23,6 million. Cost of sales during the period increased by 45% to $42,8 million attributed to investment in mobile equipment refurbishment and year-on-year salary increases among others.

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