Lonmin Posts Three-Fold Jump In First-Half Net Profit

Lonmin PLC LNMIY reported a three-fold jump in its first-half net profit. The company's net profit rose to $90 million, from $30 million, in the year-earlier period. However, its revenue rose 42% to $938 million. The group's results were driven by a 9% surge in platinum volumes. LNMIY shares fell 1.79% to close at $24.64 on Friday. Read more from Benzinga's Company news.