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Africa|Business|Financial|Mining|Platinum
Africa|Business|Financial|Mining|Platinum
africa|business|financial|mining|platinum

Tharisa to report y/y improvement in full-year earnings

29th November 2022

By: Tasneem Bulbulia

Senior Contributing Editor Online

     

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Platinum group metals (PGMs) and chrome miner Tharisa’s basic earnings per share (EPS) for the financial year ended September 30 are expected to be between $0.53 and $0.54.

This is an increase of between 41% and 44% relative to the EPS of $0.37 in the previous year and is after accounting for the acquisition of a controlling interest in Karo Mining Holdings as a “business combination”.

Tharisa’s headline earnings per share (HEPS) for the period on a fully diluted basis are expected to be between $0.41 and $0.42.

This is an increase of between 7% and 9% on the HEPS of $0.38 for the previous year.

A production update for the period was released in October, which highlighted lower PGM basket prices for the year but higher chrome concentrate prices, yet both were supported by a weaker South Africa rand versus the dollar.

Tharisa expects to release its full-year results on or around December 5.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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