MINING and steel firm Iscor saw its net operating income slump by 23% to R371-million in the six months ending December due mainly to the collapse in international steel prices. Operating income from steel went R26-million into the red in the period against a positive R250-million for the same six months of 1997. The mining division, however, made up the difference with a 54% increase in operating income at R443-million. Group headline earnings were down 40% at 7,3 cents per share from 12,1 cents per share.
Iscor