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HARMONY GOLD MINING COMPANY LIMITED - Results for the interim period ended 31 December 2019 - short form announcement

Release Date: 11/02/2020 07:05:00      Code(s): HAR       PDF(s):    
Results for the interim period ended 31 December 2019 - short form announcement

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

RESULTS FOR THE INTERIM PERIOD ENDED 31 DECEMBER 2019 – SHORT FORM
ANNOUNCEMENT



Johannesburg, Tuesday, 11 February 2020. Harmony Gold Mining Company
Limited (“Harmony” or “the Company”) is pleased to announce its
financial and operating results for the interim period ended 31
December 2019 (“H1FY20”).




-   12% increase in revenue to R15 477 million (8% increase to US$1 054
    million)
-   6 325% increase in earnings per share to 249 SA cents (greater than
    100% increase to 17 US cents (previously zero)
-   6 325% increase in headline earnings per share to 249 SA cents
    (greater than 100% increase to 17 US cents (previously zero)
-   No ordinary cash dividend declared for the six months ended 31
    December 2019 (no ordinary cash dividend declared during the
    previous corresponding six month period)



“We remain committed to our safety and health journey we embarked upon
in calendar year 2016, with our focus on leadership, risk management
and people. Key related elements of this journey are our four-layered
risk management approach and attaining a proactive safety
culture.   While a stronger gold price received continues to provide a
welcome boost to our financial performance, we will focus our efforts
on what we are able to control being safety, costs and production”,
said Peter Steenkamp, chief executive officer of Harmony.
Short form announcement:


This short-form announcement is the responsibility of the board of
directors of the Company (“Board”).


Shareholders are advised that this short-form announcement represents
a summary of the information contained in the full announcement
(results booklet) and does not contain full or complete details
published on the Stock Exchange News Service (“SENS”), via the JSE
link and on Harmony’s website (www.harmony.co.za) on 11 February 2020.


The financial results as contained in the condensed consolidated
financial statements for the six months ended 31 December 2019 have
been reviewed by PricewaterhouseCoopers Inc., who expressed an
unmodified review conclusion thereon.


Any investment decisions by investors and/or shareholders should be
based on a consideration of the full announcement as a whole and
shareholders are encouraged to review the full announcement (results
booklet), which is available for viewing on the Company’s website
referred to above and via the JSE link.


The full announcement (results booklet) is also available for
inspection at the registered office of the Company, Randfontein Office
Park, Randfontein, 1760, Corner Main Reef Road/Ward Avenue,
Randfontein and at the offices of the sponsors, JP Morgan. Inspection
of the full announcement is available to investors and/or shareholders
at no charge, during normal business hours from today, 11 February
2020, until 18 February 2020.


Copies of the full announcement (results booklet) may be requested
from corporate@harmony.co.za.
The JSE link is as follows:
https://senspdf.jse.co.za/documents/2020/jse/isse/HARE/HY20result.pdf




Ends.


For more details contact:


Marian van der Walt
Executive: Investor Relations
+27(0)82 888 1242 (mobile)


Max Manoeli
Investor Relations
+27(0)82 759 1775 (mobile)


Johannesburg, South Africa

11 February 2020



Sponsor:

J.P. Morgan Equities South Africa Proprietary Limited

Date: 11-02-2020 07:05:00
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