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Financial|Platinum
Financial|Platinum
financial|platinum

Tharisa warns of lower full-year earnings on the back of lower PGM prices

21st May 2024

By: Creamer Media Reporter

     

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Platinum group metals (PGM) and chrome concentrate producer Tharisa has warned that its earnings per share (EPS) and headline earnings per share (HEPS) are likely to be up to 29% lower year-on-year for the financial year ended March 31, as a result of a 40% decrease in PGM price and increased cost pressures.

EPS are expected to be between 22.4% to 28.2% lower year-on-year at between $0.125 and $0.135, while HEPS are expected to be between 23.3% and 29% lower year-on-year at between $0.125 and $0.135.

The company will release its results on May 23.

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Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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