[miningmx.com] – AFRICAN Rainbow Minerals (ARM) is to review capital and sell assets following a decline in interim profit of 56%, said Bloomberg News.
Earnings excluding one-time items were R1.03bn or R4.73/share for the six months ended December 31 from R2.3bn, or R10.84/share, a year earlier, said the newswire citing an announcement by ARM.
It also impaired the value of its 14.6% in Harmony Gold by R222m after shares in South Africa’s third-largest gold producer declined 31% in the reporting period, said Bloomberg News.
Click here to read the full article
