[miningmx.com] – KUMBA Iron Ore, the Anglo American subsidiary, said it expected to post a one-fifth decline in headline earnings to R6.2bn for its 2014 financial year owing to lower iron ore prices.
In a statement to the Johannesburg Stock Exchange, it also said share earnings would be about 10% lower year-on-year and were expected to come in at R7.6bn. The group reports its full year figures on July 22.
Earnings per share and headline earnings per share would be between R19.50 and R21.50/share. Headline earnings per share and earnings per share in the comparative period were R24.13 and R24.16 respectively.
