Impala earnings up to 25% lower

[miningmx.com] — IMPALA Platinum, the world’s second largest platinum producer, on Thursday said it expects to report full year headline earnings per share and basic earnings per share of between 750 and 800 cents which is between 20% and 25% lower than the previous year.

The company posted headline share earnings and share earnings of 1,001 cents for the year to end June 2009.

It said a key factor in the decline of the HEPS and EPS was the increase in the share based expense – net of taxation – of R335m in the current year, compared to a credit in the prior year of R648m.

“This is equivalent to a movement of 164 cents per Implats share,” the company
said in a statement to the JSE.

Impala Platinum’s annual audited financial results will be released on August 26.