ARM expects up to 10% rise in full-year headline earnings a share
Diversified miner African Rainbow Minerals (ARM) expects its headline earnings per share (HEPS) for the financial year ended June 30 to be between 2% and 10% higher year-on-year at between R25.77 and R27.79.
This compares with the HEPS of R25.26 reported for the 2018 financial year.
In a trading statement issued this week, the company noted that higher dollar prices for iron-ore, palladium and rhodium had more than offset lower dollar prices for manganese ore, manganese alloy, platinum and thermal coal.
Earnings were also positively impacted on by a weaker rand:dollar exchange rate, while the company iron-ore division delivered its highest ever reported earnings.
Basic earnings a share were, however, negatively impacted on by impairments of R1.07-billion for the Nkomati mine and R507-million for Sakura Ferroalloys.
This is expected to result in a 22% to 29% decrease in basic earnings a share to between R17 and R18.66, compared with the basic earnings a share of R23.93 in the prior financial year.
ARM will release its results on August 30.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation














