London-listed gold miner Randgold Resources Ltd (GOLD) Monday reported a 1.1% decline in net profit for 2008 after a non-cash provision of $10.3 million against investments ate into the company's bottom line.

Randgold's net profit attributable to equity shareholders, after exceptional items, was $41.57 million for the 12 months to Dec. 31, compared with $42.04 million a year earlier.

Revenue was up 19.7% to $338.57 million from $282.81 million a year earlier.

The market had expected net profit at $48.07 million and revenue at $341.87 million, according to a Dow Jones survey of seven analysts.

Company Web site: www.randgoldresources.com

-By Jeffrey Sparshott, Dow Jones Newswires; +44 (0)207 842 9347; jeffrey.sparshott@dowjones.com