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Trading statement
Tharisa plc
(Incorporated in the Republic of Cyprus with limited liability)
(Registration number HE223412)
JSE share code: THA
LSE share code: THS
ISIN: CY0103562118
(Tharisa or the Company)
Trading statement
Tharisa expects its earnings per share to more than double from the prior year.
In terms of section 3.4(b) of the JSE Listings Requirements, companies are required to provide
guidance to the market when they are satisfied that a reasonable degree of certainty exists that the
financial results for the current reporting period will differ by at least 20% from the results of the
previous corresponding reporting period.
Tharisa is currently preparing its financial statements for the financial year ended 30 September
2016, with the financial results expected to be released on or about 29 November 2016.
Shareholders are advised that Tharisa’s basic earnings per share (EPS) for the financial year ended
30 September 2016 is expected to be US$ 5 cents per share, with a tolerance of 10%. Headline
earnings per share (HEPS) is expected to be US$ 6 cents per share, with a tolerance of 10%. This is
an increase of 150% and 200% relative to the EPS and HEPS of US$ 2 cents per share respectively for
the financial year ended 30 September 2015.
The Company’s policy remains to distribute 10% of consolidated net profit after tax for the financial
year to its shareholders. Further details regarding any distribution will be included within the
financial results to be released on or about 29 November 2016.
“These are very encouraging results in a subdued commodity pricing environment. Going into
FY2017, we are well geared to maximise returns from a marked recovery in chrome ore prices to
above the US$350 per tonne level,” said Tharisa CEO Phoevos Pouroulis.
A production update for the fourth quarter of the financial year ended 30 September 2016 was
released on the JSE Stock Exchange News Service and LSE Regulatory News Service on
10 October 2016. Production guidance for the financial year ending 30 September 2017 remains at
147.4 koz of contained platinum group metals (on a 6E basis) and 1.3 Mt of chrome concentrates of
which 300 kt will be specialty grade chrome concentrates.
The financial information on which this trading statement is based has not been reviewed and
reported on by the Company’s auditors.
Paphos, Cyprus
11 November 2016
JSE Sponsor
Investec Bank Limited
Investor Relations contact:
Tharisa plc
Sherilee Lakmidas
+27 11 996 3538
+27 79 276 2529
slakmidas@tharisa.com
Broker contacts:
Peel Hunt LLP (Joint Broker)
Matthew Armitt / Ross Allister
+44 207 7418 8900
BMO Capital Markets Limited (Joint Broker)
Jeffrey Couch/Neil Haycock/Thomas Rider
+44 020 7236 1010
Date: 11/11/2016 10:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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