Go Back Email this Link to a friend


HARMONY GOLD MINING COMPANY LIMITED - Trading Statement for the year ended 30 June 2016

Release Date: 12/08/2016 16:03:00      Code(s): HAR       PDF(s):  
Trading Statement for the year ended 30 June 2016

Harmony Gold Mining Company Limited
(“Harmony” or “Company”)
Incorporated in the Republic of South Africa
Registration number 1950/038232/06
JSE share code: HAR
ISIN – ZAE000015228



TRADING STATEMENT FOR THE YEAR ENDED 30 JUNE 2016

Johannesburg. 12 August 2016: In terms of paragraph 3.4(b) of
the Listings Requirements of the JSE Limited, a company listed
on the JSE is required to publish a trading statement as soon
as they are 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 the financial results
for the previous corresponding period.

Shareholders of Harmony Gold Mining Company Limited (“Harmony”
and/or “the Company”) are advised that a reasonable degree of
certainty exist that earnings for the year ended 30 June 2016
will be higher than for the year ended 30 June 2015 (“the
previous comparable period”), primarily due to a 21% increase
in the average rand gold price.

Headline earnings per share (“HEPS”) are expected to be between
202 and 240 SA cents per share, which is between 207% and 227%
(or between 391 and 429 SA cents per share) higher than the
headline loss of 189 SA cents per share reported for the previous
comparable period in 2015.

In US dollars terms, HEPS are expected to be between 13 and 16
US cents per share, which is between 180% and 200% (or between
29 and 32 US cents per share) higher than the headline loss of
16 US cents per share reported for the previous comparable period
in 2015.

Earnings per share (“EPS”) are expected to be between 200 and
238 SA cents per share, which is between 119% and 123% (or
between 1 244 and 1 282 cents per share) higher than the loss
of 1 044 SA cents per share reported for the previous comparable
period.

In US dollar terms, EPS are expected to be between 13 and 16 US
cents per share, which is between 115% and 119% (or between 99
and 102 US cents per share) higher than the loss of 86 US cents
per share reported for the previous comparable period.
The financial information on which this trading statement has
been based, has not been reviewed or reported on by Harmony’s
external auditors. Harmony will publish its financial results
for the year ended 30 June 2016 on 17 August 2016. Please refer
to our website for the details of the results event
www.harmony.co.za.

Ends

Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd

Date: 12/08/2016 04:03:00 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.

                                        
Email this JSE Sens Item to a Friend.

Send e-mail to
© 2019 SHARENET (PTY) Ltd, Cape Town, South Africa
Home     Terms & conditions    Privacy Policy
    Security Notice    Contact Details
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.