Tharisa to report higher full-year earnings a share

25th November 2021 By: Tasneem Bulbulia - Creamer Media Reporter

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.