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TECHNOLOGY

IGO figures go up and down

INDEPENDENCE Group recorded a $20.2 million profit after tax in the 2016-17 first half, turning-around $98 million since FY16’s first half loss of $77.8 million.

Karma Barndon
Nova nickel mine.

Nova nickel mine.

While EBITDA was up 20% (to $81.8 million) and revenue up 2% (to $223.1 million), operating cash flows were down by half, to $25.6 million after the company had to pay $58.2 million in stamp duty taxes...

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