BizNis Africa
Latest News
Africa50 signs development agreement with Senelec in Senegal
At its second annual Shareholders Meeting in Dakar, Africa50,...
Facebook in South Africa used by 29% of the population
Social Media use has intensified among South Africans during...
QNET to create new entrepreneurship opportunities in Tanzania
QNET, a company of Asian heritage and a part...
Patrice Motsepe listed on Forbes 100 greatest living business minds
To celebrate Forbes centennial, the publication has listedan A-to-Z...
FSDH Merchant Bank announces key investment by AFIG Funds in Nigeria
FSDH Merchant Bank, a financial services group in Nigeria,...
First time car buyer checklist
Owning a car is one of life’s milestones, bringing...
Nigerian industrialist Aliko Dangote speaks at Bloomberg Global Business Forum 2017
On the sidelines of the United Nations General Assembly,...
PwC report – user experience takes centre stage in Africa’s media industry
Amid shifting consumer preferences, rapid advances in technology and...
Senegal, France to host Global Partnership for Education Financing Conference
The Global Partnership for Education (GPE) www.GlobalPartnership.org is delighted...
AdaptIT mentors Uyandiswa to be independent
In 2014, Johannesburg Stock Exchange (JSE) listed software provider,...

February 21st, 2013
ARM plans to release trading statement

African Rainbow Minerals (ARM), a JSE Limited a listed company based in Johannesburg, South Africa, is required to publish a trading statement as soon as it is satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported on next will differ by at least 20% from those of the previous corresponding period.

ARM’s interim results will be officially released on Tuesday 26 February 2013.

ARM’s interim results for six months ended 31 December 2012, in comparison to the corresponding six months to 31 December 2011 restated results, were negatively impacted by the fall in realised US Dollar prices for iron ore coupled with above inflation unit cost increases at some operations.

However, this was partially offset by improved performances at the Nkomati Nickel Mine, ARM Coal and increased sales volumes for nickel, iron ore, Eskom thermal coal, export thermal coal and platinum group metals.

The weaker Rand/US Dollar exchange rate had a positive impact on the interim results for the period ended 31 December 2012.

Accordingly, ARM announces that it expects headline earnings per share for the six months ended 31 December 2012 to decrease to between 630 cents and 675 cents per share.

Basic earnings per share are expected to be the same as headline earnings per share and are therefore expected to be in the same range of 630 cents to 675 cents per share.

The financial information on which this trading statement is based has not been reviewed or reported on by the external auditors of ARM.

Leave a Reply

Ver peliculas online
%d bloggers like this: