ARM’s H1 headline earnings up 13% y/y

Diversified miner African Rainbow Minerals (ARM) achieved a 13% increase in headline earning to R2.2-billion for the six months ended December 31, 2018, compared with R1.9-billion in the six months ended December 31, 2017. The company, which is led by chairperson Patrice Motsepe and CEO Mike Schmidt, on Friday reported headline earnings a share of R11.49, compared with R10.23 in the prior comparable period.