By Rhiannon Hoyle


Lithium 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 Newswires

01-30-23 1636ET