https://www.engineeringnews.co.za

RBPlat to post FY earnings in turnaround from 2015 losses

9th February 2017

By: Anine Kilian

Contributing Editor Online

     

Font size: - +

JOHANNESBURG (miningweekly.com) – JSE-listed Royal Bafokeng Platinum (RBPlat) expects to report earnings per share (EPS) of between 81c and 92c and headline earnings per share (HEPS) of between 80c and 91c for the year ended December 31.

This compares with a loss per share of 1 589.2c and headline loss per share of 83.2c in 2015.

The increase in earnings is largely attributed to the net effect of a 9.8% increase in revenue, mainly as a result of a higher realised revenue basket price, combined with a nominal 0.6% increase in cost of sales.

“The improved earnings, combined with a strong cash flow contribution from on-reef development revenue at the Styldrift I project, in the North West, resulted in the group having a substantial cash balance at the end of the year,” the company said in a statement on Thursday.

Cash preservation continues to be a priority and RBPlat remains unleveraged with a robust balance sheet that positions it well for the next phase of Styldrift I’s ramp-up to a 150 000 t/m operation.

RBPlat expects to release its results on February 28.
 

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Iritron
Iritron

Iritron delivers advanced automation, control, and optimisation solutions to the Mining, Minerals & Metals, Consumer Package Goods and...

VISIT SHOWROOM 
Condra Cranes
Condra Cranes

ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.07 1.009s - 140pq - 2rq
Subscribe Now