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. Last Updated: 07/27/2016

Anglogold Profit Rises




JOHANNESBURG, South Africa -- Anglogold Ltd., the world's largest gold producer, on Thursday reported a 7.8-percent increase in net profit to 531.8 million rand ($85.4 million) for the fourth quarter amid a drop in production.


The result compares to earnings of 493.3 million rand in the previous quarter.


For the fiscal year, the gold miner posted a 55-percent jump in profit to 2.65 billion rand ($420.6 million), and declared a dividend of 11 rand ($1.75) a share, bringing its full-year dividend payout to 20 rand a share, up 29 percent from 1998.