Harmony Gold Profit Jumps 28 Percent

Bloomberg reported that Harmony Gold Mining’s profits have climbed 28 percent, buoyed by rising gold price and dimininshing costs.

As quoted in the market report:

Earnings excluding one-time items advanced to 680 million rand ($77 million), or 1.58 rand a share, in the quarter through December from 529 million rand, or 1.23 rand a share, in the prior three months, the Johannesburg-based company said in a statement today. The average estimate of five analysts surveyed by Bloomberg was for earnings of 1.05 rand a share.

To view the full Bloomberg report, click here.