Harmony Gold Posts Rise In Fiscal Year Profit

Harmony Gold Mining Co HMY reported a rise in net profit for its fiscal year. Harmony's net profit for the period surged to 2.6 billion rand ($333 million), versus ZAR617 million, in the year-ago period. Its net profit for the fourth quarter dropped 95% y/y to ZAR47 million. Its gold output for the year fell to 1.27 million troy ounces, from 1.393 million troy ounces, in the year-ago period. Harmony shares fell 0.58% to close at $10.28 yesterday.