Strike out

Finweek English Edition - - INVESTMENT -

THE WORLD’S sec­ond-big­gest pro­ducer of pre­cious met­als an­nounced its re­sults, which showed that the com­pany’s rev­enue grew R2.4bn in the cur­rent fis­cal year to R30bn. How­ever, prof­its dropped by a stag­ger­ing 52% due to costs re­lated to the as­set write-down of some R2.3bn.

The share price re­mained re­silient, drop­ping just 1% af­ter the an­nounce­ment.

The com­pany’s re­sults re­port must have given in­vestors some con­fi­dence: “We firmly be­lieve that the de­mand for our met­als will in­crease in the medium to long term driven

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