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Thu 29 Jul 2010
Close: 7 238c 
Day's move: 48c (0.67%)
Volume: 2 213 329
Trades: 1 951
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Revenue declined to R2.5 billion (R3 billion) for the March 2010 quarter. A gross loss of R64 million (profit of R794 million) was made and an operating loss of R247 million (profit of R965 million) was recorded. A net loss of R295 million (profit of R972 million) was registered. In addition, a headline loss from continuing operations of 32cps (profit of 128cps) was reported.
Outlook
As for managing what is absolutely within management's power to manage, there is not one of the current operations that can or will escape vigilance in terms of volume and grade optimisation, cost control, and productivity enhancement. Turnaround through improved profitability and getting to the right asset mix remain priorities. Added to this, Harmony will progress developmental projects - key growth drivers - and pursue further, longer-term growth through acquisition and exploration. To achieve this, Harmony will continue to call on the substantial reserves of ability, skills and enthusiasm of the thousands of people comprising the Harmony team.
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| Click here for Results In Brief |
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| Click here for Results Analysis |
| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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