CAPITAL MARKETS

Stronger rand hits Harmony's bottom line

SOUTH Africa's Harmony Gold has blamed the strengthening of the rand against the US dollar for its R222 million fall in earnings during the March quarter.

Brad Ricks
Stronger rand hits Harmony's bottom line

Harmony posted earnings of R457 million during the last three months of 2002, but managed only R235 million for the first quarter of this year. Cash operating profits for the quarter also dropped to...

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