BC Iron H1 profit soars

BC Iron says its focus for 2013-14 will remain on dividends and total shareholder returns following a surge in first-half profit.

BC Iron (BCI) says its focus for the rest of the year will remain on dividends and total shareholder returns, as well as assessing growth opportunities via low grade beneficiation, following a surge in first-half profit.

In the six months to December 31, the junior iron ore miner posted a net profit of $70.63 million, a surge of 813% on the $7.74 million posted in the previous corresponding period.

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