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Trans Hex expects to report H1 loss

7th November 2017

By: Anine Kilian

Contributing Editor Online

     

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JOHANNESBURG (miningweekly.com) – JSE-listed Trans Hex expects to report a loss a share of 188.4c for the six months ended September 30, the company said in a trading statement on Tuesday.

Its headline loss a share is expected to be 195.1c, compared with headline earnings a share of 31.4c in the previous corresponding period.

Group net loss amounted to R199.2-million while sales revenue from wholly owned South African operations decreased by 45.6% to R149.7-million.

Trans Hex’s gross loss from South African land operations amounted to R191-million.

The company expects to release its interim results on November 9.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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