JOHANNESBURG (miningweekly.com) – JSE-listed Impala Platinum (Implats) expects to swing to a headline loss a share of between 125c and 150c for the financial year ended June 30, compared with the headline earnings per share (HEPS) of 12c reported in the 2016 financial year.
The company attributed the decline in HEPS to the posting of a gross loss and the fact that its income tax credit was negatively impacted on by higher profits for its Zimplats subsidiary, in Zimbabwe, and a nonrecurring tax credit on a bad debt in the prior year.
Meanwhile, Implats’ loss a share is expected to widen to between 1 030c and 1 235c for the financial year under review, compared with a loss a share of 10c in the 2016 financial year.
Implats will publish its results on September 14.