Dominion Diamond Corporation announced  it had seen strong operational performance in its  recently declared  fourth quarter 2015 (November through January) and fiscal 2015 full year financial results.

The Company recorded profit before income taxes of US$166 million for the year ended January 31, 2015 ($4 million previous year), on sales of US$ 915.8 million (US$ 751.9 million, previous year).    

 Net profit attributable to shareholders from continuing operations stood at US$66 million or US$0.78 per share for the year as against US $(23) million or $(0.27) per share in the previous year. 

“Following the strong results of fiscal 2015, the Board of Directors has declared a dividend of 40 cents per share to be paid in full on May 21, 2015 to shareholders of record at the close of business on April 30, 2015,” the Company announced in a press release.

The Company also announced that, subject to a declaration by the Board of Directors, it intends to pay a regular annual dividend of 40 cents per share in total to be paid semi-annually through an interim and final dividend.

Dan Jarvis, Acting Chairman stated: “We have initiated a dividend at a level which we are confident is sustainable, while allowing us to continue to pursue our plans for growth for the Company.”

During the full year of fiscal 2015, the Company generated free cash flow of $183 million and free cash flow per share of US$2.15 (2014: US $44 million and US $0.52 per share).

Brendan Bell, Acting Chief Executive Officer stated: “This cash flow is reflective of strong operating performance illustrated by operating profit of $52 million for the fourth quarter and $196 million for the full year.”