CAPITAL MARKETS

Huge year for Hancock Prospecting

GINA Rinehart’s Hancock Prospecting has reported a A$4 billion net profit after tax for the last financial year, a 56% improvement on the previous period.

Staff reporter
Gina Rinehart

Gina Rinehart

The profit was achieved as revenue increased 25% to $10.5 billion.   Hancock is now effectively debt free after a US$7.2 billion facility for the Roy Hill operation was repaid after the year ended....

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