RTRS - Newcrest Q4 net profit A$ 4.3 mln .
SYDNEY 1996-08-28
Gold miner Newcrest Mining Ltd said on Wednesday it posted a A$ 4.3 million profit after tax in the final quarter of the year to June 30 , 1996 .
Earlier , Newcrest reported a drop in net profit after abnormals to A$ 20.81 million for the year from A$ 42.4 million the previous year .
Newcrest said earnings from the Telfer and Boddington mines were lower than the previous year due to lower head grades at the mines , forcing gold production lower .
Production costs also rose eight percent during the year to A$ 406 per ounce .