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State-owned Alexkor posts profit

Sep 19 2011 16:29 Sapa

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Pretoria -  State-owned diamond miner Alexkor posted its first gross operating profit in five years, Deputy Public Enterprises Minister Ben Martins said on Monday.

The company made a gross operating profit of R11.3m for the year ended March 31, and posted a net profit of R84.2m.  In the same period for the previous year the company had an operational loss of R6m, but a net profit of R36.1m.

The company's results need to be tabled before parliament by September 30, after which the annual financial statements will be made public.
alexkor  |  mining industry  |  diamonds

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