Peter Hambro Net Income drops 33% 1H 2008
Published: 22 September, 2008, 08:08
Russian focused British listed gold miner, Peter Hambro, has unveiled a Net Income for 1H 2008 of $14.4 million.
The bottom line result is a 33% drop on the same period 2007, with operating profits coming in at $32 million, and financial expenses rising to $15.6 million. Sales revenue for the half was up 57% year-on-year to $146.4 million.
The company attributed the results to rising expenses, but noted its improved production and achievement of higher prices for its output. First half production rose 9.5% to 147,000 ounces, according to a July announcement.
22.09.2008, 07:32
Evroset sold?Kommersant is reporting that Russia’s largest mobile phone retailer ‘Evroset’ has been sold to investment company A.N.N. which is owned by Russian businessman Aleksandr Mamut. |
22.09.2008, 08:58
Mikhail Prokhorov’s Onexim Group buys 50% stake in Renaissance CapitalOnexim Group, owned by Russian billionaire Mikhail Prokhorov, will pay $500 million for a 50% minus one share stake in Russian investment bank Renaissance Capital. |
