Delta Gold

By Intelligent Investor · 9 Mar 2001

By Intelligent Investor ·
9 Mar 2001

Up slightly since issue 63 (Hold - $1.15), Delta looks to be improving. In the six months to 31 December sales rose 19.8% to $171.2m, while net profit after tax jumped 42.8% to $16.7m. The result was mainly due to a decent premium to spot gold prices via the company's hedge book, but the business itself is expanding thanks to a new mine called Wallaby. HOLD FOR THE UPSIDE.

IMPORTANT: Intelligent Investor is published by InvestSMART Financial Services Pty Limited AFSL 226435 (Licensee). Information is general financial product advice. You should consider your own personal objectives, financial situation and needs before making any investment decision and review the Product Disclosure Statement. InvestSMART Funds Management Limited (RE) is the responsible entity of various managed investment schemes and is a related party of the Licensee. The RE may own, buy or sell the shares suggested in this article simultaneous with, or following the release of this article. Any such transaction could affect the price of the share. All indications of performance returns are historical and cannot be relied upon as an indicator for future performance.

Delta Gold

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