Earnings Reports (December 12, 1988)

Freeport-McMoran Gold (NYSE) reports net income for the 3-month period ended Sept 30, of $6.58 million(US) or 16 per share on revenue of $27.3 million. For the same quarter a year earlier the company reported net income of $7.3 million or 18 per share on revenue of $25.4 million.

For the 9-month period ended Sept 30, the company reports net income of $24.5 million or 59 per share on revenue of $81.7 million. For the same period a year earlier the company reported net income of $20.1 million or 49 per share on revenue of $71.1 million.

After capital expenditures totalling $29.1 million during the first nine months of 1988, the company’s balance sheet as of Sept 30 showed cash and short-term investments totalling $72.2 million.