Accounting entries hammer Harmony’s H1 profit
Miner, Harmony Gold released its interim results today reporting a 94% plunge in headline earnings per share, WHILE net profit tumbled 91%. the declines are largely attributed to the writing off of money spent on Hidden Valley which is in commercial production. But the inclusion of this mine along with Moab Khotsong supported A revenue jump OF 39% while the company's operational free cash soared to R1.1 billion. Peter Steenkamp, CEO of Harmony Gold joins us for perspective on the company's half-year earnings picture.