African Rainbow Minerals HY profit up 40%

Reuters | Capetown | Updated: 06-03-2023 10:46 IST | Created: 06-03-2023 10:42 IST
African Rainbow Minerals HY profit up 40%
Representative image Image Credit: Pixabay
  • Country:
  • South Africa

South Africa's African Rainbow Minerals (ARM) on Monday reported a 40% jump in half-year profit, driven by higher coal and manganese prices.

ARM's headline earnings per share (HEPS)- the main profit measure in South Africa - was 26.38 rand ($1.45) in the six months to Dec. 31, up from 18.87 rand during the same period of 2021.

($1 = 18.1577 rand)

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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