Implats issues profit warning statement | Fin24
  • Load Shedding Schedules

    Find information for Johannesburg, Durban, Cape Town and other cities.

  • Eskom

    Critical repairs being done during 21-day lockdown as demand plummets.

  • Mills Soko

    China's success in addressing the coronavirus crisis speaks to the importance of decisive leadership.


Implats issues profit warning statement

Aug 23 2016 15:21
Malcom Sharara


Company Data


Last traded 76
Change 0
% Change 0
Cumulative volume 8797638
Market cap 0

Last Updated: 01/01/0001 at 12:00. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Impala Platinum shares poised to fall, indicators show

Zim wants Implats land as $6.7bn mine plan stalls

Implats quarterly output hit by maintenance, safety stoppages

Implats CEO to step down in December

Impala wins $201m court bid

Zim unit boosts Implats third-quarter output


Johannesburg - Impala Platinum (Implats) [JSE:IMP] issued a profit warning statement on Monday to say that earnings for the year to June 30 2016 will be much lower than the prior year.

The platinum miner, with operations in several countries including Zimbabwe, said in a trading statement  that headline earnings per share (Heps) for the period is expected to be between 9 cents and 16c - 56% to 75% - lower than the previous year's number.

The basic loss per share is however expected to be at 7c to 12c, against a loss of 603c in the prior comparative year.

The miner attributed the decline in Heps to lower rand metal prices.

"The main reason for the decrease in Heps for the year to June 2016 is lower rand metal prices which were offset to some extent by increased volumes and stringent cost control," said Implats.

Fin24's top stories trending on Twitter:

impala platinum  |  mining  |  platinum


Company Snapshot

Voting Booth

Do you support a reduction in the public sector wage bill?

Previous results · Suggest a vote