Anglo American Platinum will release results for the twelve months ended 31 December 2019 (“the period”) on the Stock Exchange News Service on 17 February 2020.
Shareholders are advised that headline earnings and headline earnings per share (“HEPS”) for the period are likely to increase by between 131% and 151% respectively compared to the prior year. Headline earnings are likely to be between R17.545 billion and R19.055 billion (R7.588 billion in 2018) and HEPS will increase to between 6,689 cents and 7,265 cents per share (2,893 cents in 2018).
Basic earnings and earnings per share (“EPS”) for the period are likely to increase by between 157% and 177% respectively compared to the prior year. Basic earnings are likely to be between R17.545 billion and R18.900 billion (R6.817 billion in 2018) and EPS is expected to be between 6,689 cents and 7,205 cents per share (2,599 cents 2018).
The expected increase in headline earnings and basic earnings is primarily driven by a 38% increase in the rand basket price and continued steady operational performance, notwithstanding the loss in production (38,000 PGM ounces) and deferred refined production (89,000 PGM ounces to be refined in 2020) due to Eskom power outages.
The financial information on which this trading statement is based has been reviewed, but not yet reported on, by the Company’s external auditors.
Johannesburg
28 January 2020
Sponsor
Merrill Lynch South Africa Proprietary Limited