Wednesday, May 2, 2007

Lonmin Posts Second Consecutive First-Half Loss as Platinum Output Drops

(Bloomberg) -- Lonmin Plc, the world's third-biggest platinum producer, posted its second consecutive first-half loss after a damaged furnace cut production and costs rose.

The loss was $3 million, or 2 cents a share, in the six months to March 31, compared with $67 million, or 47.1 cents, a year earlier, the London-based company said today in a statement. Sales fell 11 percent to $631 million.


Read more at Bloomberg Emerging Markets News

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