Minara Resources has tipped it will book an interim after tax profit of $27 million, down from $40 million in the previous corresponding period.
The Perth-based nickel miner attributed the dip in profits to the strengthening Australian dollar decreasing nickel sales margins and higher maintenance costs.
Minara’s revenue was $228 million, just under the $234 million it booked over the 6 months ended June 30 2010.
At 11:30AM (WST) Minara’s stock had gained 2.2 per cent, to trade at 69.5 cents.
The results are yet to be finalised and remain subject to an auditor review and board approval.
Minara said its half year results would be released by August 31.
