Lonmin pretax loss $355 million for yearStaff Writer | November 14, 2016
Lonmin plc reported a pretax loss of $355 million for the year ended 30 September 2016 compared to a loss of $2.26 billion, prior year.
Lonmin Loss to shareholders was $342 million
The Group reported underlying operating profit of $7 million compared to a loss of $134 million, prior year. Underlying loss before taxation narrowed to $3 million from a loss of $143 million.
Underlying loss per share in cents was 35.6 compared to a loss of 194.5.
For the year ended 30 September, revenue was $1.12 billion compared to $1.29 billion, prior year.
In 2016, Lonmin sold 735,747 ounces of platinum into the market. Platinum sales contributed 65% to turnover. ■