DIVERSIFIED MINERS
The headline earnings of diversified mining company African Rainbow Minerals (ARM) rose sharply in the 12 months to June 30, when the company generated strong cash flow that has underpinned a boosted cumulative dividend payout of R1.7-billion. Headline earnings increased by 51% to R4 814-million, cash from continuing operations amounted to R3 291-million, excluding the attributable cash of R2 507-million held at ARM Ferrous, and the final dividend of 750c a share took the cumulative dividend to 1 000c a share, well up on last year’s 650c a share.
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