Johannesburg, South Africa — 10 August 2012 – Impala Platinum Holdings (Implats) has advised that the company’s headline earnings per share (HEPS) and basic earnings per share (EPS) for the financial year ended 30 June 2012 could be more than 40% below the figures for this time last year.
In a trading statement issued here Implats said it expected HEPS and EPS to be between 645 and 695 cents, compared to 1,105 cents at the end of June 2011. This was primarily due to lower sales volumes because of lower platinum prices, as well as the strike at Impala Rustenburg resulting from tensions between the National Union of Mineworkers (NUM) and the Association of Mineworkers and Construction Union (AMCU).
The company’s audited year-end financial results will be released on 23 August 2012.
Source: Impala Platinum. For more information, click here.