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Johannesburg - Implats [JSE:IMP] announced on Monday that its headline earnings per share (Heps) for the half year ended December 31 2015 is expected to be between 50 and 59 cents.
This is between 20% and 10% lower than that of the half year ended December 31 2014.
Basic earnings per share (EPS) are expected to be between 29c and 35c, which is between 30% and 15% lower than the previous comparable period, namely the half year ended December 31 2014.
The difference between EPS and Heps for the six months to December 2015 is primarily due to the impairment of the 12 Shaft mechanised section, which, as announced in September 2015, was closed in December 2015, the group said.
The decline in Heps is primarily due to the lower rand metal prices, which were 15% lower than the previous comparable period ended December 31 2014.
The group pointed out that the financial information on which this trading statement is based has not been reviewed and reported on by the external auditors of Implats. The group’s reviewed interim financial results for the period ended December 31 2015 will be released on February 25 2016.
By end of trade on the JSE on Monday Implats' share price was down 1.59% at R34.70.
