The directors of Bougainville Copper Limited announced the following Preliminary final results of the company for the year ended 31 December 2015 together with comparable results for twelve months to 31 December 2014.
For the year ended 31 December 2015, an after tax loss of K37.9 million was recorded compared with a planned loss of K8.0 million. The operating loss was K6.5 million compared to 9.1 million in the previous year. A tax expense of K27 million and the de-recognition of interest withholding tax benefits of K4.4 million occurred as a result of resolving a tax dispute with the Internal Revenue Commission of Papua New Guinea. Income was 4.8 million as planned. Expenditure of K11.3 million was lower than planned. The company contributed K1.0 to the Bougainville Copper Foundation.