[miningmx] — Impala Platinum (Implats) has said its headline earnings for the past
financial year may be down by as much as 41%.
In a trading update issued on Wednesday, Implats said headline earnings per share
(HEPS) and basic earnings per share (EPS) for the financial year to end-June were
expected to be between 645 cents and 695 cents, compared to the 1,105 cents HEPS
and EPS during the 2011 period.
Implats’ operations have been caught in a strike sparked by a standoff between two
rivalling trade unions, NUM and Amcu, while its margins have come under pressure due
to prevailing low prices for PGMs.
The company will release audited results on August 23.
