Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: isopatch who wrote (30553)	4/29/2003 10:11:02 AM
From: Frederick Langford	Read Replies (1) of 36161

earnings out this morning on HMY JOHANNESBURG -(Dow Jones)- South Africa's Harmony Gold Mining Co. Ltd. Tuesday reported a massive slump in net profits to $28 million for the fiscal third quarter ended March 31, down from $48.0 million a year ago, due to a stronger rand and a drop in production. The company said that even though its operations were well geared for a strong South African rand, the strength of the local currency wiped off ZAR125 million from its cash operating profit. Cash operating profit fell to $57 million from $79 million last year. Fred

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