04-Mar-2010 5:18 PM
Lonrho states African businesses are growing; Royal Jordanian and Kenya Airways down
Analysis
In South Africa, Lonrho's shares (+4.2%) gained again, after the company stated its African businesses are growing. The carrier reported a decline in losses before tax to GBP4.5 million for the 12 months ended 30-Sep-2009, from GBP38.7 million in 2008. Net loss for the year was GBP5.3 million, significantly lower than GBP41.0 million in the previous year.
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