Gold miner Centamin's core profit rises 55 pct

May 13 (Reuters) - Gold miner Centamin Plc said its first-quarter core profit rose nearly 55 percent as increased gold sales and reduced costs offset lower prices for the metal.

The miner said earnings before interest, tax, depreciation and amortisation rose to $53 million for the three months ended March 31 from $34.3 million a year earlier.

The company, which operates the Sukari mine in Egypt, said revenue rose 31.6 percent to $135.2 million. (Reporting By Mamidipudi Soumithri in Bengaluru; Editing by Gopakumar Warrier)

JOIN OUR PULSE COMMUNITY!

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

Kano Govt denies banning women from driving

APC ward congress members held hostage by Osun Governor, forms seized

Gov Makinde says Oyo Amotekun lost 7 personnel in 8 months

Ikeja Electric meters 400,000 customers in 8 years

2023: Orji Kalu urges INEC to conduct Presidential, Governorship elections same day

Court condemns DSS over failure to produce detained Igboho's aides

Blue Bus Frontliners: Keeping Nigerian borders free of trafficking operations

Crush all drug cartels, NDLEA boss charges newly promoted officers

2021 UTME: JAMB to conduct mop up exams for 18,000 candidates Aug 6