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ROYAL BAFOKENG PLATINUM LIMITED - Trading statement for the year ended 31 December 2012

Release Date: 07/02/2013 11:00
Code(s): RBP     PDF:  
Wrap Text
Trading statement for the year ended 31 December 2012

ROYAL BAFOKENG PLATINUM LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2008/015696/06)
JSE share code: RBP ISIN: ZAE000149936
(“RBPlat” or the “company”)


Trading statement for the year ended 31 December 2012

In terms of paragraph 3.4(b) of the Listings Requirements of JSE Limited
(“JSE”), a listed company is required to publish a trading statement as
soon as it is satisfied that a reasonable degree of certainty exists
that the financial results for the period to be reported upon next will
differ by at least 20% from those of the previous corresponding period.

RBPlat is in the process of finalising its financial results for the
year ended 31 December 2012. The company advises that it anticipates
earnings per share (“EPS”) and headline earnings per share (“HEPS”) for
the year ended 31 December 2012, to be between 91 cents and 107 cents,
compared to an EPS and HEPS of 167 cents for the previous corresponding
period (the year ended 31 December 2011).

Normalised EPS for the year ended 31 December 2012, after adjusting for
an additional amortisation and depreciation charge related to a fair
value adjustment, is anticipated to be between 124 cents and 148 cents
compared to Normalised EPS of 214 cents for the previous corresponding
period.

The expected decrease in EPS, HEPS and Normalised EPS is primarily due
to lower sales volumes and elevated mining industry unit cost inflation
which was exacerbated by an increased level of safety related stoppages
during the first half of 2012 and the consequences of the unprecedented
labour unrest experienced by the industry during the second half of
2012. Sales volumes for the period were lower primarily due to reduced
built-up head grades.

RBPlat expects to release its results for the year ended 31 December
2012 on or about 5 March 2013.

The information set out in this announcement has not yet been reviewed
and reported on by the company’s external auditors.

Johannesburg
7 February 2013


JSE Sponsor
Macquarie First South Capital (Pty) Limited

For further enquiries, please contact:

Lindiwe Montshiwagae
Investor Relations Manager
Tel: +27 (0)10 590 4517
Mobile: +27 (0)82 920 7803

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