Sallies had returned to profit after six years of losses, the mining firm said on Tuesday.
It expected to post headline earnings of R6.5 million for the six months to December 2008, compared with a R25.6 million interim loss in 2007.
The Buffalo fluorspar mine was mothballed in October 2008, for which impairment charges of R74.6 million were booked.
As a result, Sallies said it would post a basic loss of R61.6 million for the period.
Source: Business Report, South Africa
No comments:
Post a Comment