Western Areas swings back to profit

Nickel miner Western Areas has swung back to profit in the half-year ended December 31, as earnings before interest, taxes, depreciation and amortization (Ebitda) improved by 58% over the previous corresponding period. Ebitda for the half-year reached A$29.5-million, resulting in net profit of A$500 000, compared with a loss of A$20-million in the previous corresponding period.