Harmony Returns To Profit
Posted on November 03, 2011 at 16:53 PM EDT
Harmony Gold Mining Co. Ltd. (NYSE:HMY) recorded net profit of 16 cents per share in the first quarter of 2012 versus last quarter’s loss of 1 cent per share and year-ago quarters profit of 3 cents. Results were a penny ahead of the Zacks Consensus Estimate of 15 cents. Revenue Revenues were up 30.3% to [...]

Harmony Gold Mining Co. Ltd. (NYSE:HMY) recorded net profit of 16 cents per share in the first quarter of 2012 versus last quarter’s loss of 1 cent per share and year-ago quarters profit of 3 cents. Results were a penny ahead of the Zacks Consensus Estimate of 15 cents.
Revenue
Revenues were up 30.3% to $550 million versus $422 million in the prior-year quarter and up 8.9% sequentially from $505 million. The increase in revenue was driven by a rise in the gold price received, offset by a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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