Loading...
See More

State-owned Alexkor posts profit

Sep 19 2011 16:29 Sapa

Related Articles

Namibia backs down from 44% mining tax

De Beers sales up 33%

Num to 'rock the diamond industry'

Mine workers start strike at De Beers

 
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

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
1 comment
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

SMALL BUSINESS

Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

What would it take for you to switch your mobile network?

Previous results · Suggest a vote

Loading...