Harmony Gold Profit More Than Doubles, Beating Expectations
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Harmony Gold Mining Co., Africa’s third-largest producer of the metal, said second-quarter profit more than doubled as the local-currency price of the metal rose.
Earnings excluding one-time items rose to 1 billion rand ($129 million), or 2.42 rand a share, in the three months through December from 411 million rand, or 95 cents a share, in the prior three months, the Johannesburg-based company said in a statement today. The average estimate of five analysts surveyed by Bloomberg was for earnings of 1.54 rand a share.