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Lonmin Posts FY Loss

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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.

Posted-In: lossEarnings News


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