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Wits Gold forecasts a loss

August 10 2012 at 06:47pm

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IOL BR mining PIC001

Reuters.

Wits Gold (WGR) said on Friday that it expects a basic and headline loss per share of between 35 and 39 cents per share for the six months ended 30 June 2012. This follows a basic and headline loss per share of 26.88 cents per share a year earlier.

The increase in the basic and headline loss per share is mainly attributable to increases in the non-cash share-based payment expense for employees‚ marketing expenditure and new project costs‚ coupled with decreases in employment costs and interest received. - I-Net Bridge


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