JOHANNESBURG (miningweekly.com) – Dual-listed Sibanye Gold on Friday said it expected a double-digit decline in earnings per share (EPS) and headline earnings per share (HEPS) to between 15c and 25c for the six months ended June 30.
This represented a 64% to 78% decrease over the EPS of 69c reported in the corresponding period last year, and a 70% to 82% drop in HEPS compared with the 84c achieved in the first half of last year.
Sibanye expected profit attributable to shareholders for the first half of this year to decrease to between R135-million and R230-million, compared with R533-million for the six months to June 2014.
Despite a solid operational performance and return to profitability in the June 2015 quarter, “operational events” during the preceding quarter, particularly January and February, had dragged the overall performance of the firm during the half-year under review.