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Financial|Freight|Platinum
Financial|Freight|Platinum
financial|freight|platinum

Tharisa to report higher full-year earnings a share

25th November 2021

By: Tasneem Bulbulia

Senior Contributing Editor Online

     

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JSE-listed Tharisa expects its basic earnings per share (EPS) and headline earnings per share (HEPS) for the 12 months ended September 30 to be between $0.37 and $0.38.

That represents an increase of between 128% and 134% on the EPS of $0.16 reported for the previous financial year, and an increase of between 119% and 125% on the HEPS of $0.17 reported for the previous year.

In a previous update, the company reported operational improvements and cited a higher platinum group metals basket price and improved chrome concentrate prices.

It indicated that earnings would be affected by higher freight charges and increased royalty payments as a result of the higher commodity prices received, while unredeemed capital expenditure available for set-off against future profits had been fully used.

Tharisa will release its results for the period on or about December 2.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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