Implats expects increase in full-year basic EPS, but lower HEPS
JSE-listed Impala Platinum (Implats) expects to report an improvement in basic earnings per share (BEPS) for the year ended June 30, but warns that headline earnings per share (HEPS) are expected to be lower, primarily owing to the adverse impact of lower sales volumes and inflation on earnings, while the revenue per ruthenium, rhodium, palladium, osmium, iridium and platinum (6E) ounce sold remains flat.
Headline earnings and HEPS for the period are expected to decrease by between 63% and 79% year-on-year.
Both headline and basic earnings are expected to be between R500-million and R900-million, while BEPS and HEPS are expected to be between 56c apiece and 100c.
In the prior period, the group reported headline earnings of R2.4-billion, HEPS of 269c, a basic loss of R17.3-billion and a basic loss a share of 1 929c.
Basic earnings in the prior period were significantly impacted on by impairments of R19.8-billion, equivalent to 2 204c apiece (post-tax).
The weighted average number of shares in issue for the period increased to 897.45-million from 897.36-million in the prior period.
Implats will release its results for the period on August 28.
The company’s operations are on the Bushveld Complex in South Africa, the Great Dyke in Zimbabwe and the Canadian Shield.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation