Johannesburg, South Africa — 11 February 2013 – Share holders of Impala Platinum Holdings Limited (Implats) have been advised that basic headline earnings per share (HEPS) and basic earnings per share (EPS) for the six months ended 31 December 2012 are expected to be between 120 and 138 cents, which is between 76% and 79% lower than that of the last six months of 2011.
A trading statement for the period released by Implats added that HEPS amounted to 573 cents and EPS was 575 cents.
It went on to explain that the expected decrease in the HEPS and EPS was due to a decrease in mine-to-market throughput, above inflation cost increases and the impairment of long-term receivables of R603 million.
Excluding the impairment of long-term receivables of R603 million, HEPS and EPS would have been expected to be between 219 and 237 cents, which was between 59% and 62% lower than that of the six months ended 31 December 2011.
The financial information on which this trading statement is based has not been reviewed or reported on by the external auditors of Implats.
The company’s six months full financial results for the period ended31 December 2012 will be released on 14 February 2013.
Source: Impala Platinum. For more information, click here.