Lonrho declines after releasing six-month interim results: Middle East and Africa Daily Share Wrap
Lonrho (-4%) declined on Tuesday (11-May-2010) following the release of its interim results for the six months ended 31-Mar-2010 after reporting a loss before tax of GBP1.5 million compared with a profit of GBP0.6 million for the same period in 2009. However, Lonrho’s trading profits showed an improvement of GBP0.8 million and its share price also rose by 55.5% in the six-month period since the beginning of the financial year.
