Lonmin Posts Full-Year Net Profit

Lonmin PLC

posted a net profit in the full year. Lonmin swung to a net profit of $166 million, versus a year-ago net loss of $410 million. Its full-year platinum sales fell to 696,000 troy ounces, from 701,831 ounces, in the year-ago period. Its revenue declined to $1.52 billion from $1.61 billion. Lonmin shares closed at $5.2040 on Friday.