Royal Bafokeng expects an increase in HEPS

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Royal Bafokeng expects an increase in HEPS

This is an increase from the mid-tier platinum group metals producer’s previous HEPS and earnings per share (EPS) of 87 cents for the six months ended 30 June 2013.

(READ MORE: Royal Bafokeng expects growth in FY2013 HEPS)

The group anticipates that its normalised EPS for the 2014 period to between 122 cents and 139 cents compared to 111 cents for the previous period.

“The expected increase in EPS, HEPS and Normalised EPS is primarily due to higher realised revenue basket prices and sustained production adjusted for the impact of the increased weighted average number of shares in issue post the 1.5 billion rand capital raising during the first half of 2014,” said the [DATA RBP:Royal Bafokeng Platinum Limited] (RBPlat) in a statement.

(READ MORE: RBPlats emphasises revised strategy in FY results)

RBPlat is set to release its interim results on the 5 August 2014.