Aquarius CEO forgets Murphy's Law

Aquarius Platinum's Chief Executive has admitted he 'could not have been more wrong' about the worst being behind the company as it plunged into the red, hit by the ongoing difficult operating and trading conditions facing the company and the southern African platinum industry.

Aquarius Platinum's Chief Executive has admitted he 'could not have been more wrong' about the worst being behind the company as it plunged into the red, hit by the ongoing difficult operating and trading conditions facing the company and the southern African platinum industry.

A profit before tax of $130m in the second half of 2010 turned to a loss of $135.7m in the same period in 2011, while revenue was $252.4m, down from $336.2m the previous year.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.