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THARISA PLC - Trading statement

Release Date: 14/11/2017 09:00
Code(s): THA     PDF:  
Wrap Text
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


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
2017, with the financial results expected to be released on or about 30 November 2017.


Shareholders are advised that with the solid operational performance and the increase in the
chrome concentrate price, Tharisa’s basic earnings per share (EPS) and headline earnings per share
(HEPS) for the year ended 30 September 2017 are expected to be between US$ 21 cents per share
and US$ 23 cents per share compared to the EPS of US$ 5 cents per share and HEPS of US$ 6 cents
per share for the year ended 30 September 2016.


“While the PGM basket price remained relatively flat year on year the realised average chrome
concentrate price increased to US$200 per tonne for the financial year, this combined with record
annual PGM and chrome production, resulted in the increase in the earnings of the Company,” said
Phoevos Pouroulis, Chief Executive of Tharisa.


A production update for the fourth quarter of the financial year ended 30 September 2017 was
released on the JSE News Service and LSE Regulatory News Service on 10 October 2017. Production
guidance for the financial year ending 30 September 2018 is 150 koz of contained platinum group
metals (on a 6E basis) and 1.4 Mt of chrome concentrates of which 350 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
14 November 2017




JSE Sponsor
Investec Bank Limited


Investor Relations contact:
Tharisa plc
Sherilee Lakmidas
+27 11 996 3538
slakmidas@tharisa.com


Broker contacts:
Peel Hunt LLP (Joint Broker)
Ross Allister/ Chris Burrows
+44 207 7418 8900


BMO Capital Markets Limited (Joint Broker)
Jeffrey Couch/Neil Haycock/Thomas Rider
+44 020 7236 1010


Financial PR contact:
Buchanan
Bobby Morse/Anna Michniewicz
+44 20 7466 5000
tharisa@buchanan.uk.com

Date: 14/11/2017 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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