JOHANNESBURG (miningweekly.com) – Platinum miner Impala Platinum (Implats) on Friday announced that it expected its headline earnings per share (HEPS) for the year ended June 30, to be between 70% and 75% lower than that of the prior financial year, as a result of the five-month-long industrial action at its Rustenburg operations.
HEPS for the full year were expected to be between 82c and 98c, as opposed to the HEPS of 330c achieved during 2013.
Meanwhile, basic earnings per share (EPS) were expected to be between 0c and 3c – a fall of between 98% and 100% on that achieved in the prior comparable period.
In addition to the impact of the strike, the basic EPS also included the add-back of impairments for headline earnings calculations of about R480-million, the company noted.
Implats would release its financial results for the year on August 28.