CAPITAL MARKETS

Resolute posts $27 million interim profit

A BETTER than expected performance at the Golden Pride mine in Tanzania and asset sales have seen Resolute Mining post a half-year profit of $26.7 million, compared with $7.4 million for the six months to June 30, 2003.

Greg Tubby
Resolute posts $27 million interim profit

Revenues rose 23.4% to $82.96 million, and basic earnings per share were 16.3c, up from 4.9c. The result was driven by a non-recurring $17.7 million profit after tax on the sale of various assets including...

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