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ROYAL BAFOKENG PLATINUM LIMITED - Trading Statement for the Six Months Ended 30 June 2017

Release Date: 13/07/2017 10:00
Code(s): RBP     PDF:  
Wrap Text
Trading Statement for the Six Months Ended 30 June 2017

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 six months ended 30 June 2017

In terms of paragraph 3.4(b) of the JSE Limited Listings Requirements, 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 and can with a reasonable degree of
certainty provide an estimated range with a maximum variance of 20%.

RBPlat is in the process of finalising its financial results for the six months ended 30 June 2017.
The company advises that it anticipates a loss per share ("LPS") and headline loss per share
("HLPS") for the six months ended 30 June 2017, to be between 20 cents and 12 cents (between
125.7% and 115.3% lower), compared to earnings per share (“EPS”) of 78.2 cents and headline
earnings per share (“HEPS”) of 77.8 cents for the previous corresponding period (the six months
ended 30 June 2016).

Notwithstanding a 7% increase in revenue-accounted ounce production from BRPM and a less
than 1% increase in cash unit costs compared to the previous corresponding period, the 2016
EPS and HEPS regressed into a LPS and HLPS for the current period primarily as a result of the
following:
* a 10% reduction in the realised revenue basket price; and
* the impact of a once-off restructuring charge to the consolidated interim statement of
  comprehensive income

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

RBPlat expects to release its interim results on or about 1 August 2017.



Johannesburg
13 July 2017


JSE Sponsor
Merrill Lynch South Africa Proprietary Limited

For further information, please contact:

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

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