Anglo American Platinum Limited (“the Company”) will release results for the six months ended 30 June 2015 ("the period") on the Johannesburg Stock Exchange News Service (“SENS”) on 20 July 2015.
With reference to the listings requirements of the JSE Limited, companies are required to publish a trading statement as soon as they become reasonably certain that the financial results for the period to be reported on next will differ by at least 20% from those of the previous corresponding reporting period.
Anglo American Platinum advises shareholders, with reasonable certainty, that headline earnings and headline earnings per share (“HEPS”) for the six months ended 30 June 2015 will be at least 20% (R31 million or 12 cents per share) higher than the comparative reporting period for the six months ended 30 June 2014 (“the comparative period”). Headline earnings and HEPS for the comparative period were R157 million and 60 cents respectively.
Basic earnings and basic earnings per share (“EPS”) will also be at least 20% (R86 million or 33 cents per share) higher than the comparative period. Basic earnings and EPS for the comparative period were R429 million and 164 cents respectively.
The increase in headline earnings and basic earnings is primarily due to the improvement in operational performance following the protected industrial action in the comparative period. The Company cannot yet however quantify a more specific range or a percentage increase, and will release a further announcement once there is more certainty.
The forecast financial information on which this trading statement is based has not been reviewed, or reported on, by the Company’s external auditors.