Monday, February 19, 2007

Africa's ARM H1 EPS up fourfold to 264 cts

South Africa's African Rainbow Minerals Ltd (ARM) said higher metal prices boosted earnings per share fourfold to 264 Sth African cents in the six months to end December from 64 cents a year ago.

The diversified mining group said on Tuesday it had seen higher prices for platinum, nickel, iron ore, manganese and its coal unit, although exploration costs and rising corporate costs had somewhat reduced the earnings.

Read more at Reuters South Africa

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