African Rainbow Minerals Announces Dip in Profits

CNBC reported that diversified miner African Rainbow Minerals (ARM) announced a drop in profits for the first half of their fiscal year, due in part to rising costs.

As quoted in the market report:

ARM, which has interests in nickel, coal, platinum, iron ore, chrome and manganese, said headline earnings per share for the six months to end-December had fallen to 654 cents a share, from a restated 937 cents per share a year earlier.

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