Prosperity Minerals Reports FY Profit From Continuing Operations Vs Loss Last Yr

6/28/2012 6:52 AM ET

Prosperity Mineral Holdings Limited (PMHL.L) Thursday released the preliminary results for the full year ended 31st March 2012, reporting a net profit from continuing operations for the year compared with a loss in the previous year, despite sharp drop in annual revenues.

An iron ore operator and a specialized real estate owner and developer in the Peoples Republic of China reported net profit from continuing operations for the full year of $8.00 million, or 3.71 US cents per share, compared with a net loss from continuing operations of $21.43 million, or loss of 14.71 US Cents per share, reported for the previous year.

Total Revenue from continuing operations for the year decreased sharply to $753.97 million from $971.90 million reported for the previous year.

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by RTT Staff Writer

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