Tharisa anticipating significant increase in earnings

24th November 2020 By: Simone Liedtke - Creamer Media Social Media Editor & Senior Writer

JSE-listed integrated resources group Tharisa expects its headline earnings a share for the 12 months to September 30, to be between $0.16 and $0.17.

Basic earnings a share will likely be in the same range.

This represents an increase of 300% to 325% on the earnings a share and headline earnings a share of $0.04 reported for the prior financial year.

The company achieved operational improvements on all measured metrics, while a higher platinum group metals basket price and stable chrome concentrate prices contributed to the improvement in earnings.

Tharisa's financial results are expected to be released on or about November 30.