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

KUMBA IRON ORE LIMITED - Updated trading statement for the six months ended 30 June 2017

Release Date: 14/07/2017 08:44
Code(s): KIO     PDF:  
Wrap Text
Updated trading statement for the six months ended 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")

UPDATED TRADING STATEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2017
Shareholders are advised that Kumba is currently finalising its
results for the six months ended 30 June 2017 (“the period”),
which will be released on the Stock Exchange News Service of the
JSE Limited (“SENS”) on 25 July 2017.

In accordance with section 3.4(b) of the JSE Limited Listings
requirements, and further to the trading statement released on
SENS on 11 May 2017 in which the Company indicated that headline
earnings per share (“HEPS”) and basic earnings per share (“EPS”)
for the period would be at least 20% higher than the previous
six months ended 30 June 2016 (“the comparative period”);
shareholders are advised that headline earnings for the period
are likely to be between R4,373 million and R4,741 million, with
basic earnings for the period expected to be between R4,355
million and R4,722 million. HEPS is likely to be between R13.70
and R14.85, an increase of between 46% and 58%. Basic EPS is
expected to be between R13.64 and R14.79, an increase of between
47% and 59%.

Reported headline earnings and basic earnings for the
comparative period (released on SENS on 26 July 2016) were R3,009
million and R2,974 million respectively, while reported HEPS and
EPS for the comparative period were R9.41 and R9.30
respectively.

The increase in earnings for the period is largely attributable
to higher export iron ore prices, partially offset by the
stronger Rand/US$ exchange rate. More information will be
provided in the Company’s results for the period to be released
on SENS on 25 July 2017.

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

Pretoria
14 July 2017

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

Date: 14/07/2017 08:44:00 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