RBPLAT:  3,020   -53 (-1.72%)  19/08/2019 00:00

Royal Bafokeng Platinum FY HEPS 25 Cents

March 5 (Reuters) - Royal Bafokeng Platinum Ltd:

* FY HEADLINE EARNINGS PER SHARE AMOUNTED TO 25.0 CENTS

* FY 3.7% INCREASE IN REVENUE TO R3 627.1 MILLION IN 2018 (2017: R3 498.5 MILLION)

* FY TOTAL COST OF SALES INCREASED BY 4.1% YEAR-ON-YEAR TO R3 317.2 MILLION (2017: R3 186.5 MILLION)

* FY 2019 GROUP PRODUCTION, SUBJECT TO UNFORESEEN OPERATIONAL DISRUPTIONS IS FORECAST TO INCREASE TO BETWEEN 4.0MT AND 4.4MT

* GROUP CAPITAL EXPENDITURE FOR 2019, INCLUDING ESCALATION CONTINGENCIES, IS FORECAST TO BE APPROXIMATELY R1.7 BILLION

* "ANOTHER CHALLENGING YEAR IS EXPECTED FOR PLATINUM IN 2019"

* PLATINUM SUPPLY IS UNLIKELY TO DROP FROM CURRENT LEVELS, UNLESS IT IS DISRUPTED, WHICH SHOULD LEAVE MARKET OVERSUPPLIED

* FY OVERALL PLATINUM OUNCE PRODUCTION INCREASED 12.7% YEAR-ON-YEAR WITH INCLUSION OF STYLDRIFT'S ON-REEF DEVELOPMENT Source text for Eikon: Further company coverage:

2019-03-05 07:32:29

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