State-owned Alexkor posts profit

2011-09-19 16:29

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.

  • Concerned - 2011-09-22 17:30

    Well, well. Wonder where this comes from!!! Well done to the contractors! And unfortunately, at a price. To get between 30 and 20% nett from the contractors and almost zero costs, its high time that some profit is shown.

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