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KUMBA IRON ORE LIMITED - Trading statement for the six months ending 30 June 2017

Release Date: 11/05/2017 12:05
Code(s): KIO     PDF:  
Wrap Text
Trading statement for the six months ending 30 June 2017

Kumba Iron Ore Limited
A member of the Anglo American plc group
(Incorporated in the Republic of South Africa)
(Registration number 2005/015852/06)
JSE Share code: KIO
ISIN: ZAE000085346
(“Kumba” or "the Company")

TRADING STATEMENT FOR THE SIX MONTHS ENDING 30 JUNE 2017

Shareholders are advised that Kumba’s results for the six months ending
30 June 2017 ("the period") will be released on the Stock Exchange News
Service (“SENS”) on 25 July 2017.

In accordance with paragraph 3.4(b) of the JSE Limited Listings
Requirements, shareholders are further advised that both headline
earnings and basic earnings for the period are likely to be at least
R602 million (20%) higher than reported headline earnings and basic
earnings for the prior comparative 6 months ended 30 June 2016 (“the
comparative period”).

Reported headline earnings and basic earnings for the six months ended
30 June 2016 (as released on SENS on 26 July 2016) were R3,009 million
and R2,974 million respectively, while reported headline earnings per
share (“HEPS”) and earnings per share (“EPS”) for the comparative period
were R9.41 and R9.30 respectively.

The expected increase in earnings is largely attributable to an increase
in export iron ore prices during the period.

In this regard, HEPS and EPS are also likely to be at least R1.88 and at
least R1.86 per share higher (at least 20% higher), respectively, than
reported HEPS and EPS for the comparative period.

A further trading statement will be released as soon as the Company has
reasonable certainty on the expected HEPS and EPS ranges for the period.

The forecast financial information on which this trading statement is
based has not been reviewed and reported on by the Company’s external
auditors.



Pretoria
11 May 2017

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 11/05/2017 12:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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