By Rhiannon Hoyle
SYDNEY--Newcrest Mining Ltd. (NCM.AU) said on Friday its annual profit more than doubled on a year ago when its bottom line was marred by disruptions to one of its largest gold mines and writedowns against other assets.
Newcrest, one of the world's largest listed gold producers, said net profit totaled US$561 million in the 12 months through June, having also benefited from higher production and lower costs.
That compared to a profit of US$202 million in the same period a year earlier when profits were weighed by higher costs, softer production and writedowns on assets including its Telfer mining operation in Western Australia.
Newcrest said it will pay a final dividend of 14.5 U.S. cents a share, up from 11 cents a year ago.
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