To view the PDF file, sign up for a MySharenet subscription.

IMPALA PLATINUM HOLDINGS LIMITED - Trading Statement for the six months ended 31 December 2016

Release Date: 13/02/2017 14:00
Code(s): IMP     PDF:  
Wrap Text
Trading Statement for the six months ended 31 December 2016

IMPALA PLATINUM HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1957/001979/06)
JSE Share code: IMP
ISIN: ZAE000175873
ADR code: IMPUY
ISIN: ZAE000083648

(“Implats” or “the Group”)

TRADING STATEMENT FOR THE SIX MONTHS ENDED 31 DECEMBER 2016

Shareholders are advised that Implats’ headline earnings per share (HEPS) for the half year ended 31
December 2016 is expected to be a loss of between 65 and 79 cents per share compared to the half year
ended 31 December 2015 HEPS profit of 53 cents.

Basic earnings per share (EPS) is expected to be a loss of between 48 and 58 cents per share compared to
half year ended 31 December 2015 EPS profit of 31 cents.

The difference between EPS and HEPS for the six months to 31 December 2016 is primarily due to the
insurance compensation received from the 14 Shaft fire incident in January 2016.

The major reason for the decline in HEPS from the comparative period is that the prior period included a
tax credit due to a write-off of an amount owed by a debtor. HEPS from continuing operations for the
current year will be further negatively affected by 10 – 15 cents a share when the Group’s share of profit
after tax from Impala Chrome (Pty) Limited is eliminated as “discontinued operations profit” due to the
Group’s stake in this entity being up for sale.

The financial information on which this trading statement is based has not been reviewed and reported on
by the external auditors of Implats. The Group’s reviewed interim financial results for the period ended
31 December 2016 will be released on 23 February 2017.

Queries:
Johan Theron
E-mail: johan.theron@implats.co.za
T: +27 (0) 11 731 9013/43
M: +27 (0) 82 809 0166

Alice Lourens
E-mail: alice.lourens@implats.co.za
T: +27 (0) 11 731 9033/43
M: +27 (0) 82 498 3608

13 February 2017
Johannesburg

Sponsor to Implats
Deutsche Securities (SA) Proprietary Limited

Date: 13/02/2017 02:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story