Tuesday, May 1, 2007

Lonmin H1 profit down, maintains year guidance

(Reuters) - South Africa-focused miner Lonmin Plc said on Wednesday it still expected full-year sales of 980,000 to 1 million ounces of platinum, as it posted an 18 percent fall in underlying first-half profit.

Lonmin said in a statement it made a pretax profit before exceptional items of $235 million in the six months to end-March, on turnover down 11 percent to $631 million. The interim dividend was raised 22 percent to 55 cents.


Read more at Reuters Africa

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