Lonmin Posts FY Loss
Lonmin PLC (OTC: LNMIY) posted a pretax loss in the fiscal year to Sep. 30.
Lonmin's revenue for the period fell to $1,614 million, from $1,992 million, in the year-ago period.
Its underlying operating profit fell to $67 million from $311 million, while operating loss came in at $702 million, versus a profit of $307 million.
Lonmin's underlying pretax profit declined to $57 million from $315 million. However, it posted a pretax loss of $698 million. Its loss per share came in at 202.3 cents, versus a year-ago profit of 134.4 cents.
Lonmin shares closed at $7.15 yesterday.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.