Independence swings to H1 profit, warns of Nova ramp-up delay

Diversified metals miner Independence Group has swung back to a profit in the six months ended December 31, on the back of higher underlying earnings before interest, taxes, depreciation and amortisation (Ebitda) and revenue. Profit for the half-year reached A$202-milion, compared with a loss of A$77.8-million in the first half of the 2016 financial year.