CGA ANNOUNCES 400% GROWTH IN NET PROFIT
09:00 EST Monday, Feb 07, 2011
PERTH, Western Australia, Feb. 7 /CNW/ - The Board of CGA Mining Limited ("CGA", "the Company") (TSX Code: CGA, ASX Code: CGX) is pleased to announce that the Net Profit from Continuing Operations for the six months to 31 December 2010 was $39.019M, up from $7.639M for the corresponding period last year. That represents a net profit increase by more than 400% from the comparable period last year to $39.019M for the six months ended 31 December 2010. At the same time, cash flow from operations (excluding taxes and capital), more than doubled to $46.952M from $19.759 for the six months ended 31 December 2009. The final audited half year financial statements and the Management Discussion & Analysis for the quarter ended 31 December 2010 will be released later in the week.