Trans Hex, the South Africa and Angola focused diamond miner, has revealed its financial performance for the year to March 2015 will be significantly higher than the previous year.
The company is currently finalising its results for the year to 31 March 2015 and will release them “on or about 2 June 2015”.
The results for this trading statement are compared with the results of the year ended 31 March 2014.
The company expects to report:
- earnings per share of between R1.79 cents and R1.83 (2014: R0.21), representing an increase of between 765% and 785% compared to the previous corresponding period; and
- headline earnings per share of between R0.81 and R0.83 (2014: R0.10 cents), representing an increase of between 725% and 745% compared to the previous corresponding period.
The results will explain the contributions of the following elements:
- performance of the Group’s business units;
- disposal of the Group’s 100% interest in Pioneer Minerals Proprietary Limited;
- impairments in respect of the Lower Orange River operations; and
- the Group’s 40% interest in West Coast Resources Proprietary Limited which includes negative goodwill that arose as a result of the acquisition of assets and liabilities relating to Namaqualand Mines.