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Kumba warns of lower FY earnings

6th November 2015

By: Megan van Wyngaardt

Creamer Media Contributing Editor Online

  

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JOHANNESBURG (miningweekly.com) – Owing to a significant drop in export iron-ore prices, JSE-listed miner Kumba expects its earnings for the year to December 31, to be between R2.15-billion and R2.2-billion lower than that reported for 2014.

Headline earnings a share and earnings a share were also likely to be at least R6.69 to R6.86 apiece lower than the year before.

In 2014, the company reported headline and basic earnings of R11-billion and R10.7-billion respectively, while headline earnings a share and earnings a share were R34.32 and R33.44 respectively.

Kumba would publish its full-year results on February 9, 2016.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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