CAPITAL MARKETS

Portman records bumper profit

IRON ore producer Portman Limited has reported a record after tax profit of $57.1 million for the first half of 2007, up 9% over the previous year, with strong sales from its Koolyanobbing and Cockatoo Island projects in Western Australia.

MiningNews.Net
Portman records bumper profit

The company's second quarter earning, however, were at $28.1 million, down $7.4 million from the corresponding quarter in 2006. Portman said the fall was due to a timing difference in the recognition...

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