Johannesburg - Harmony Gold reported a R60m increase in net
profit to R2.6bn in its annual financial statement on Monday.
This resulted in an increase of 14 cents in the total
earnings per share and diluted earnings per share of 614 cents for the
financial year ended June 30, Harmony said in the statement, which is contained
in its integrated annual report.
Net profit from continuing operations also increased by R60m
Total comprehensive income for the year increased by R60m to
R4.23bn. As a result, retained earnings increased from R3.24bn to R3.3bn.
Income and mining taxes receivable decreased from R211m to
R118m, while deferred tax liabilities decreased from R3.26bn to R3.1bn.
The integrated annual report provided a detailed account of
the environmental, social and governance aspects of the company's business.
It also contained a change relating to taxation following
the handing down of a Supreme Court of Appeal judgment in the matter of the
mining ringfencing application by the SA Revenue Service (Sars) on October 1.
The judgment, which was in favour of Sars, was an adjusting
post-balance sheet event and the effects were included in the 2012 financial
Harmony said the results would be presented at its annual
general meeting on November 28.