Harmony Gold Mining : 1st Half Profit Declined
By Maryam Cockar
Harmony Gold Mining Co.(HAR.JO) said Tuesday that net profit attributed to shareholders fell in the first half of fiscal 2018, but that it still backs its full-year production guidance.
For the six months ended Dec. 31, the South African miner made a net profit of 897 million rand ($75 million) compared with ZAR1.54 billion in the same period a year earlier, which included a ZAR848 million one-off gain.
Revenue was relatively flat at ZAR9.84 billion compared with ZAR9.87 billion last year.
Gold production increased to 17,418 kilograms from 17,227 kilograms.
Harmony said it is on track to achieve group production guidance of 1.1 million ounces of gold for the full year, with a boost in production expected from its Hidden Valley project in Papua New Guinea.
Write to Maryam Cockar at [email protected]