Royal Bafokeng expect positive results - CNBC Africa

Royal Bafokeng expect positive results


by admin 0

Royal Bafokeng predicts positive results. PHOTO: Getty

[DATA RBP:Royal Bafokeng] forsees earnings per share (EPS) and headline earnings per share (HEPS) for the year ended 31 December 2014, to be between 230 cents and 245 cents or between 33 per cent and 42 per cent higher than the previous year.

After making adjustments the company’s normalised EPS is anticipated to be between 264 cents and 281 cents or between 25 per cent and 33 per cent higher compared to the previous corresponding period.

(READ MORE: Royal Bafokeng expects an increase in HEPS)

“The expected increase in EPS, HEPS and Normalised EPS is primarily due to higher sales volumes and higher ZAR basket prices due to the ZAR weakening further against the USD in 2014 compared to 2013 as well as good cost containment resulting from sustained mining flexibility, operational stability and specific cost reduction strategies,” the company said.

The company hopes to release their results for the year ended 31 December 2014 in early March.