Johannesburg - African Rainbow Minerals (ARM), a diversified miner, said on Monday its full-year earnings rose by 7 percent but profit halved after it took a 2 billion rand ($195.29 million) hit on its investment in Harmony Gold.
The South African miner said headline earnings per share for the 12 months to end June were 1,735 cents from 1,615 cents the previous year, beating the Thomson Reuters StarMine consensus of 1,627 cents.
Headline earnings are a key measure among South African analysts as they strip out exceptional and once-off items. - Reuters