Implats “’
earnings plummet
 
Johannesburg, South Africa — MININGREVIEW.COM — 02 February 2010 – Impala Platinum Holdings Limited (Implats) “’ the world’s second-largest producer of the metal “’ has advised shareholders that the company’s headline earnings per share (HEPS) and basic earnings per share (EPS) for the six months ended 31 December 2009 are expected to be between 200 and 220 cents.

Revealing this in a trading statement issued here, Implats confirmed that this was between 75% and 77% lower than that of the six months ended 31 December 2008 (EPS of 877 cents; HEPS of 876 cents). The expected decrease was primarily due to the significant decrease in relative metal prices.

The statement added that, as a result of the 19% increase in the Implats share price from 30 June 2009 to 31 December 2009, the share based payment charge (net of taxation) amounted to R560 million in the current period, compared to a credit in the prior period of R976 million.

The company’s six months financial results will be released on 18 February 2010.