By Rhiannon HoyleLithium and nickel producer IGO Ltd. on Tuesday reported a jump in first-half net profit to a record high, reflecting an increased share of earnings from a joint venture with Tianqi Lithium Corp. and record production from the Greenbushes operation. IGO said it made a net profit of 591.0 million Australian dollars (US$417 million) in the six months through December, up from A$90.7 million in the same period a year earlier. The miner said it would pay an interim dividend of 14 Australian cents a share, up from 5 cents a year ago. "We are delighted to report a highly successful and profitable half-year result, with the strength of our lithium business helping drive record earnings, record net profit and declaration of a record interim dividend," said Acting Chief Executive Matt Dusci. Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com(END) Dow Jones NewswiresJanuary 30, 2023 16:36 ET (21:36 GMT)Copyright (c) 2023 Dow Jones & Company, Inc.

Source: Wall Street Journal January 30, 2023 21:45 UTC