OMH profit plunges 89%

OM Holdings has revealed a 89% year-on-year slump in net profit for first half 2009 on sharp falls in global manganese ore and alloy prices, but says it is well positioned to benefit from a stronger second half outlook.

OMH profit plunges 89% OMH profit plunges 89% OMH profit plunges 89% OMH profit plunges 89% OMH profit plunges 89%

In its half year report, the commodity marketing, metals and mining house reported a $A10.8 million net profit after tax, sharply lower than the record $96.

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