South Africa

African Rainbow Minerals profit plunges 58 pct on soft prices

Reuters South African diversified mining group Africa Rainbow Minerals posted a 58 percent fall in full-year headline earnings on Friday, impacted by lower commodity prices. Headline earnings per share - a widely watched measure in South Africa - stripping off some one-off items, reached 803 cents from 1,900 cents a year ago. "The reduction in headline earnings was largely as a result of a decli…

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