Lonrho's fiscal-year results get a lift from platinum division

Article Abstract:

Lonrho PLC announced that its platinum division's strong performance helped the firm to compensate for lower profits in its gold and coal businesses for the year ending on September 30, 1998. However, Lonrho said that additional restructuring may be needed if financial markets continue to show apathy toward its stock. The company claims that its earnings growth and the value of its mining assets are not properly reflected by its stock price. Lonrho posted 84 million pound sterling ($139.1 million)for the year. Analysts had predicted earnings of approximately 99.5 million pound sterling.

Comment:

Platinum division's strong performance helps company's 1998 financial results

Diversified Companies, Strategy & planning, Abstract, Lonrho PLC

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UK Coal's loss widened in half

Article Abstract:

UK Coal PLC posted a wider loss for the 2001 first-half period. The company posted 10.79 million pounds (17.46 million euros) in pretax losses for the period, compared to a 10.2 million pounds loss during the same 2000 period.

UK Coal PLC

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RJB's pretax profit tumbled 78% in '99 on price weakness

Article Abstract:

RJB Mining PLC posted a 78% drop in its pretax profits for the 1999 year. The company, which was hurt by weak global coal prices, posted 11 million pounds (18.2 million euros) in pretax profits.

RJB Mining PLC

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