Anglo American Platinum will release results for the six months ending 30 June 2018 (“the period”) on the Johannesburg Stock Exchange News Service (“SENS”) on 23 July 2018.
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 will differ by at least 20% from those of the previous corresponding reporting period.
Anglo American Platinum advises shareholders, with reasonable certainty, that due to improved operational delivery across the Company and a marginally higher achieved rand basket price, headline earnings and headline earnings per share (“HEPS”) for the period will be at least 20% (R150 million or 57 cents per share) higher than that reported for the six months ended 30 June 2017 (“the comparative period”). Headline earnings and HEPS for the comparative period were R747 million and 285 cents respectively.
Basic earnings and basic earnings per share (“EPS”) will also be at least 20% (R238 million or 91 cents per share) higher than the comparative period due to impairments in the comparative period. Basic earnings and EPS for the comparative period were a loss of R1,187 million and a loss of 453 cents respectively.
There is currently insufficient certainty to enable the Company to provide specific guidance on its expected results and it is anticipated that Anglo American Platinum will publish a further trading statement closer to the release of its annual financial results.
The forecast financial information on which this trading statement is based has not been reviewed, or reported on, by the Company’s external auditors.
Johannesburg, South Africa
29 June 2018
Sponsor
Merrill Lynch South Africa Proprietary Limited