Westgold Resources (ASX:WGX) report 552% increase in net profit before tax - Sequoia Direct

22FebFebruary 22, 2021

Westgold Resources (ASX:WGX) report 552% increase in net profit before tax

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Westgold Resources (ASX:WGX) report an impressive 552 per cent increase in net profit before income tax to $69.8 million for the half year period.

The Group’s operations performed broadly as planned, despite increasing constraints from the global Covid-19 pandemic namely ad hoc border closures and quarantine directions.

The company has seen issues in sourcing suitable experienced staff due to due a skills and labour shortage.

Shares in Westgold Resources (ASX:WGX) are trading 0.78 per cent lower at $1.91.

Copyright 2021 – Finance News Network

Source: Finance News Network

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