Anglo American Platinum Limited (“the Company”) will release results for the six months ended 30 June 2016 ("the period") on the Johannesburg Stock Exchange News Service (“SENS”) on 25 July 2016.
With reference to the listings requirements of the JSE Limited, companies are required to publish a trading statement as soon as they become reasonably certain that the financial results for the period to be reported on next will differ by at least 20% from those of the previous corresponding reporting period.
Anglo American Platinum advises shareholders, with reasonable certainty, that headline earnings and headline earnings per share (“HEPS”) for the six months ended 30 June 2016 will be at least 20% (R494 million or 189 cents per share) lower than the comparative reporting period for the six months ended 30 June 2015 (“the comparative period”). Headline earnings and HEPS for the comparative period were R2.5 billion and 946 cents respectively. Basic earnings and basic earnings per share (“EPS”) will also be at least 20% (R489 million or 187 cents per share) lower than the comparative period. Basic earnings and EPS for the comparative period were R2.4 billion million and 936 cents respectively.
The decrease in headline earnings and basic earnings is primarily due the stock take adjustment in the previous period which resulted in an after tax gain of R1.6 billion or 599 cents per share, and a decrease in dollar metal prices which were partially offset by a weaker rand. The Company cannot yet quantify a specific range, and will release a further announcement once there is more certainty.
The forecast financial information on which this trading statement is based has not been reviewed, and reported on, by the Company’s external auditors.
Johannesburg
21 June 2016
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)