08/15 11:05A Namibian Minerals 6 Mos Net 7c A Shr Vs 28c
Namibian Minerals Earns -2: 2Q, 6 Mos Fincl Tables
Namibian Minerals Corp. - London
2nd Quar June 30:
2000 1999
Revenues $9,700,000 $10,300,000
Net income 1,000,000 5,400,000
Shr ern (basic)
Net income .02 .14
6 months:
Revenues 21,900,000 22,000,000
Net income 3,300,000 10,600,000
Avg shares 46,700,000 37,900,000
Shr ern (basic)
Net income .07 .28
The company said its earnings before amortization of goodwill for the latest
six months were $4.4 million or 9 cents a share versus $10.6 million or 28
cents a share a year earlier.
It said diamond production for the latest quarter was 45,600 carats versus
76,000 carats a year earlier. It said diamond production for the latest six
months was 98,500 carats versus 192,100 carats a year earlier.
It said difficult mining conditions and the mining of lower grade material
resulted in lower production in the latest six months.
Namibian Minerals Corp. (NMCOF) is a diamond producer.
Company Web Site: nam-corp.com
-Stephanie Thomas, Dow Jones Newswires
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