| Abstract: |
JSE-listed mid-tier platinum producer Northam reported a 21,5% drop in interim earnings, and warned on Thursday that it would report weaker results in the second half of the financial year, owing to lower metal prices.
Profit for the six months ended December 2008, had decreased from R472-million in 2007, to R371-million.
Total operating costs for the interim period were at R970-million, and were impacted by inflationary increases in the cost of labour, consumables, services, as well as the 10,7% increase in production, Northam stated. |
Back CopiesNews This WeekCartoonWeekly FeaturesFeatures LibraryMining PersonalityColumnist: Digging Deep
Home.gif)
