(Bloomberg) -- AngloGold Ashanti Ltd., Africa's
largest gold producer, earned a profit in the second quarter,
compared with a loss in previous period, after bullion rose and
a stronger rand cut losses on forward sales contracts.
Net income was 1.08 billion rand ($152.3 million), or 3.85
rand a share, in the three months through June 30, after a loss
of 150 million rand, or 53 cents, in the first quarter, the
Johannesburg-based company said today in a statement to the
city's stock exchange. Net income was $111 million in U.S.-
currency terms, a measure that excludes the conversion of the
forward contracts into rand.
Read more at Bloomberg Emerging Markets News
largest gold producer, earned a profit in the second quarter,
compared with a loss in previous period, after bullion rose and
a stronger rand cut losses on forward sales contracts.
Net income was 1.08 billion rand ($152.3 million), or 3.85
rand a share, in the three months through June 30, after a loss
of 150 million rand, or 53 cents, in the first quarter, the
Johannesburg-based company said today in a statement to the
city's stock exchange. Net income was $111 million in U.S.-
currency terms, a measure that excludes the conversion of the
forward contracts into rand.
Read more at Bloomberg Emerging Markets News
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