Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Lonrho Posts Q4 Net Operating Profit Of £0.7 Mln - Quick Facts

Lonrho Plc (LONR.L) posted fourth-quarter net operating profit of 0.7 million pounds on continuing operations, compared to a loss of 3.0 million pounds in the same period in the prior year.

Net Operating Profit is defined as profit before tax, excluding the share of the results of associates and other movements in the carrying value of associates and investments.

The Group reported an impairment charge of 4.3 million pounds on the carrying value of its investment in Lonrho Mining Ltd., its ASX listed mining associate, due to the fall in its share price from AUD 0.043 to AUD 0.007. After this charge, loss before tax for the quarter was 2.8 million pounds.

Revenue in the final quarter quarter for continuing operations was 46.1 million pounds, up 67% from the same quarter in the prior year. On an adjusted like-for-like basis, revenue was up 30.2%.

Growth has been experienced across each of its operating divisions, the company noted.

David Lenigas, Lonrho's Executive Chairman, commented,

"...Financial performance in the final quarter of the year has been very encouraging and gives confidence moving into 2012. Having completed the Company's strategic investment programme, each operating division is well aligned to service the expansion in demand from the growth in emerging Africa and now has the necessary infrastructure and platforms in place to deliver strong growth and improved margins for 2012 and beyond."

Register
To receive FREE breaking news email alerts for Lonrho PLC and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
This apparel maker has doubled its earnings per share in just two years and increased its annual earnings forecast from time to time, despite a challenging consumer spending environment. Contributions from acquisitions, efficiency gains from self-owned global supply chain and benefits from 'Innovate-to-Elevate' strategy continue to boost the company's results. Here is a quick summary of the earnings reported after the bell on Nov 20. We have 20+ stocks listed here. The good news is you can skip this step. There is a next move that can make your life a lot easier. Our research team has already done the groundwork for you. All these stocks listed... Design software maker Autodesk, Inc. said Thursday after the markets closed that its third quarter profit fell 81% from last year, as higher costs and expenses more than offset an 11% increase in revenue. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.