Market Overview

African Barrick Posts Decline In Q1 Earnings

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African Barrick Gold PLC (OTC: ABGLY) reported a drop in its first quarter earnings.

African Barrick's net profit attributable to shareholders fell 30% y/y to $35.2 million. Its basic earnings per share came in at 8.6 U.S. cents, versus analysts' estimates of 10.3 U.S. cents. Attributable gold production fell 17% to 144,643 troy ounces.

African Barrick's quarterly sales came in at $268 million. Its earnings before interest, taxes depreciation and amortization (EBITDA) fell 15% y/y to $90 million, versus analysts' estimates of $98 million.

Posted-In: EarningsEarnings News

 

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