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Implats expects at least 20% y/y rise in headline earnings

23rd July 2020

By: Marleny Arnoldi

Online News Editor

     

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In a positive turn of events, JSE-listed platinum miner Implats expects to report at least a 20% year-on-year increase in headline earnings per share (HEPS) for the year ended June 30.

The miner posted headline earnings and HEPS of R3-billion and 423c apiece, respectively, in the financial year ended June 30, 2019.

A significant increase in the dollar basket price for platinum group metals (PGMs), together with rand depreciation, resulted in a higher rand PGMs basket price received by the group during the year under review.

Implats says it will publish a further trading statement, detailing the expected HEPS and earnings per share ranges for the year under review, before its full results are released on or about September 3.  

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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