OZL 0.80% $10.03 oz minerals limited

earnings were 51c now the price is 51c

  1. 13,593 Posts.
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    final combined profit for Oxiana andZinifex was $1.6bn

    that is about 51c

    expected earnings are now 2c

    the company has gone from a $12bn company to one worth $1.5bn a fall of 87%

    taken from this afr article

    OZ signals more setbacks

    Date: 20/11/2008
    Author: Michael Vaughan
    Source: The Australian Financial Review --- Page: 21
    Analysts expect OZ Minerals to post a net profit of around $A74.2m for fiscal2008. This compares with a final combined profit of $A1.6bn for Oxiana andZinifex. OZ itself has conceded that its 2008 profit will be lower, and warnedthat further asset write-downs are possible. OZ shares eased $A0.10 to $A0.63 on19 November 2008, reducing its market value to around $A2bn. This compares with$A12bn at the time of the merger
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