The group’s earnings per share is also expected to fall significantly by 100 cents.
“Implats’ headline earnings per share (HEPS) for the financial year ended 30 June 2014 is expected to be between 82 and 98 cents,” read the statement.
“This projection is between 70 per cent and 75 per cent lower than that of the financial year ended 30 June 2013 (HEPS of 330 cents).”
The company attributes the estimated decline to the five-month industrial action experienced by the [DATA IMP:Impala Platinum Holdings Limited ]Rustenburg operations.
“Impala’s basic earnings per share (EPS) are expected to be between zero and three cents which is between 98 per cent and 100 per cent lower than the previous comparable period, being the year ended 30 June 2013 (EPS of 168 cents),” reported Impala.
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“The expected decrease in EPS is a result of the impact of the above-mentioned factor and includes the add-back of impairments (after tax) for headline earnings calculations of approximately 480 million rand.”
The group’s audited year-end financial results for the period ended 30 June 2014 will be released on 28 August 2014.
The financial information on which this trading statement is based has not been reviewed and reported on by the external auditors of Implats.