JOHANNESBURG (miningweekly.com) – Anglo American Platinum (Amplats) expects to report lower headline earnings and headline earnings per share (HEPS) for the year ended December 31, mainly as a result of the five-month strike in the platinum sector.
Headline earnings and HEPS were likely to be 20% lower than the R1.45-billion and R5.56 a share reported in 2013.
Basic earnings and basic earnings a share for the full-year were, however, likely to be at least 20% higher than that recorded in the prior year. Amplats had reported a basic loss of R1.37-billion and a loss a share of R5.25 for 2013.
Basic earnings for the period included a gain of R243-million arising on the final phase of the refinancing transaction with Atlatsa Resources and the scrapping of assets of R257-million following the closure of the Union mine south decline section.
Amplats’ results for the full year would be published on February 9.