African Rainbow Minerals reports higher profit, but lower production

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African Rainbow Minerals reports higher profit, but lower production
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The diversified miner benefited from higher commodity prices following global economic instability, partly brought on by the war in Ukraine

Diversified miner African Rainbow Minerals upped its interim dividend as its profit increased following higher revenue and gross profit despite weaker production.

The company, valued at R59.1bn on the JSE, declared a 16.67% higher year-on-year dividend of R14 per share in its half-year results to end-December...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.

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