https://www.miningweekly.com

Kumba expects 20% headline earnings increase

Kumba CEO Themba Mkhwanazi

Kumba CEO Themba Mkhwanazi

14th July 2017

By: Anine Kilian

Contributing Editor Online

     

Font size: - +

JOHANNESBURG (miningweekly.com) – JSE-listed Kumba Iron Ore expects its headline earnings per share (HEPS) and basic earnings per share (EPS) for the period ended June 30 to be at least 20% higher than the comparative period.

Headline earnings for the period are likely to be between R4.37-million and R4.74-million, with basic earnings for the period expected to be between R4.36-million and R4.72-million.

HEPS is likely to be between R13.70 and R14.85 – an increase of between 46% and 58% – the company said in a statement on Friday.

“Basic EPS is expected to be between R13.64 and R14.79, an increase of between 47% and 59%”.

The increase in earnings for the period is largely attributable to higher export iron-ore prices, partially offset by the stronger rand/US dollar exchange rate.

The company’s results for the period will be released on July 25.

Edited by Samantha Herbst
Creamer Media Deputy Editor

Comments

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
Immersive Technologies
Immersive Technologies

Immersive Technologies is the world's largest, proven and tested supplier of simulator training solutions to the global resources industry.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

PGMs and green hydrogen make headlines
PGMs and green hydrogen make headlines
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.115 0.151s - 107pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: