Jul 04th 2012 - Edison Investment Research today published a report on Mwana Africa (MWA.L, LSE:MWA, LON:MWA) entitled "Steady As She Goes". In summary, the report says:
Mwana’s full-year results to end-March 2012, announced today, were closely in line with Edison’s expectations. Revenue for the period was US$81.3m (+86% vs FY11) and gross profit US$34.9m (+146%) before central and care and maintenance costs of US$31.7m (-16%). A tax charge relating to profits at Freda Rebecca resulted in a loss of US$6.7m after tax (vs Edison estimate US$6.5m).
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