CAPITAL MARKETS

Kagara flags $45 million cut in profit

KAGARA Zinc has downgraded its profit forecast by 26% for the 2006 financial year as production issues, reduced revenue from zinc and copper and changes in the exchange rate have cut about $45 million from its bottom line.

MiningNews.Net
Kagara flags $45 million cut in profit

The company has revised its profit before tax from $175 million to around $130 million. Production from Mt Garnet and Thalanga for the June quarter is now expected to reach approximately 26,000 tonnes...

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