Higher prices, sales volumes drive Implats to full-year profit
A higher realised rand platinum group metals (PGMs) price, an improved operational performance and higher sales volumes have contributed to a significant increase in Impala Platinum's (Implats') gross profit for the financial year ended June 30.
In a trading statement published on Thursday, Implats said it expects to report a gross profit of R6.8-billion, compared with the R1.1-billion profit reported for the 2018 financial year.
Further, the company, which is headed up by CEO Nico Muller, expects to report headline earnings of between R2.92-billion and R3.16-billion and headline earnings a share of between 406c and 440c for the period under review.
This compares with a headline loss of R1.23-billion and a headline loss a share of 171c in 2018.
Basic earnings are expected to be between R1.3-billion and R1.65-billion, compared with a basic loss of R1.66-billion in 2018, while basic earnings a share are expected to be between 181c and 231c, compared with a basic loss a share of 1 486c in 2018.
Implats noted that impairments of R9.7-billion had negatively impacted on its basic earnings in 2018.
The PGMs producer will publish its results on September 5.
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

















