South African diamond miner Trans Hex swings into profit in Apr-Sep.

By bne IntelliNews November 11, 2011
South African diamond mining company Trans Hex posted a net profit of ZAR 1.7mn for the six months ended on September 30, 2011 compared to a net loss of ZAR 103mn for the same period last year. The groups sales revenue rose 12.1% y/y to ZAR 272mn in April to September. South African operations generated a profit before tax of ZAR 24.9mn, compared to a pre-tax loss of ZAR 101.4mn. Total sales attributable to the South African operations rose 20% to USD 39.5mn. In Angola, Somiluana mine, in which Trans Hex holds a 33% stake, recorded sales of USD 9.8mn, down 13% y/y. the groups headline earnings per share (EPS) totaled to 1.6 cents, compared to loss per share of 97.2 cents in April-September 2010.

Related Articles

South Africas Exxaro mulls firing striking coal miners.

South African company Exxaro Resources said one of the options it currently considers is dismissing striking coal mine workers who fail to return to work in the week of March 25, fin24 reported ... more

South Africas Telkom says there is no decision to lay off 13,000 employees.

South Africas telecommunication operator Telkom said that it has not made a decision on retrenching 13,000 employees, or more than half of its staff, TechCentral reported quoting a company ... more

BP, Masana Petroleum Solutions sell LPG business in South Africa.

Oryx Energies, a major independent provider of oil and gas products and services in Africa, has agreed to buy the South African liquefied petroleum gas (LPG) distribution businesses of BP and ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss