Anglo American Platinum will release results for the six months ending 30 June 2019 (“the period”) on the Johannesburg Stock Exchange News Service (“SENS”) on 22 July 2019.
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 its shareholders that primarily due to an increase in the rand PGM basket price, headline earnings and headline earnings per share (“HEPS”) for the period will be at least 80% (R2,690 million or 1025 cents per share) higher than that reported for the six months ended 30 June 2018 (“the comparative period”). Headline earnings and HEPS for the comparative period were R3,363 million and 1282 cents respectively.
Basic earnings and basic earnings per share (“EPS”) will also be at least 180% (R3,922 million or 1,496 cents per share) higher than the comparative period as a result of a higher PGM basket price and once-off impairments in 2018. Basic earnings and EPS for the comparative period were R2,179 million and 831 cents respectively.
A further trading statement will be released as soon as the Company has reasonable certainty on the expected HEPS and EPS ranges for the period as required by the Listings Requirements.
The forecast financial information on which this trading statement is based has not been reviewed, or reported on, by the Company’s external auditors.