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16 Feb 2015

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Impala flags lower H1 earnings

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Johannesburg - Impala Platinum [JSE:IMP] said on Monday it expected first-half earnings to fall by up to 63% due to impairments at its Zimbabwe operation and the fallout of a five-month strike at its Rustenburg mine.

Impala said in a statement that headline earnings per share was expected to be between 55 and 77 cents lower than the six months to December 2013.

Headline EPS are the main profit gauge in South Africa and exclude certain one-time items.

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