JOHANNESBURG (miningweekly.com) – JSE-listed Royal Bafokeng Platinum (RBPlat) anticipated earnings per share (EPS) and headline earnings per share (HEPS) for the year ended December 31, 2012, to be between 91c and 107c, down from the EPS and HEPS of 167c for the previous year.
Normalised EPS for the year, after adjusting for an additional amortisation and depreciation charge related to a fair value adjustment, were expected to be between 124c and 148c compared with normalised EPS of 214c for 2011.
The expected decrease in EPS, HEPS and normalised EPS was primarily owing to lower sales volumes and elevated mining industry unit cost inflation, which was exacerbated by an increased level of safety-related stoppages and labour unrest during the year under review.
Sales volumes for the period were lower as a result of reduced built-up head grades.
RBPlat would release its 2012 full-year results on March 5.