BizNis Africa
Latest News
South African Reserve Bank appoints new advisor for governors
The South African Reserve Bank (SARB) has appointed Fundi...
Deloitte Africa unveils 2018 Outlook for Emerging Market insights
The year 2017 saw Emerging Markets (EMs) become the...
African Real Estate demand soars
Demand for investment in African real estate is expected...
deVere Group launches cryptocurrency app in South Africa
A cryptocurrency app is to be launched by one...
African Economic Outlook 2018 officially launched in Côte d’Ivoire
The African Development Bank (AfDB) has officially launched the...
How to make the tax act work for you
South Africa has a highly favourable tax environment for...
Vumile Msweli
Vumile Msweli is the Chief Executive Officer at Hesed...
Royal Bafokeng Platinum gets approval for Maseve mine acquisition
Royal Bafokeng Platinum (RBPlat) announced today, 17 January 2018,...
Ghana fast tracks EMV migration
Gemalto, a digital security company is providing its PURE...
ICRC and Tony Elumelu Foundation empower Nigerian entrepreneurs
The International Committee of the Red Cross (ICRC) and...

Themba Mkhwanazi, Kumba Iron Ore CEO

Shareholders are advised that Kumba is currently finalising its results for the six months ended 30 June 2017, which will be released on the Stock Exchange News Service of the JSE Limited (SENS) on 25 July 2017.

In accordance with section 3.4(b) of the JSE Limited Listings requirements, and further to the trading statement released on SENS on 11 May 2017 in which the Company indicated that headline earnings per share (HEPS) and basic earnings per share (EPS) for the period would be at least 20% higher than the previous six months ended 30 June 2016, the comparative period, shareholders are advised that headline earnings for the period are likely to be between ZAR4 373 million and ZAR4 741 million, with basic earnings for the period expected to be between ZAR4 355 million and R4,722 million.

HEPS is likely to be between ZAR13.70 and ZAR14.85, an increase of between 46% and 58%. Basic EPS is expected to be between ZAR13.64 and ZAR14.79, an increase of between 47% and 59%.

Reported headline earnings and basic earnings for the comparative period (released on SENS on 26 July 2016) were ZAR3 009 million and ZAR2 974 million respectively, while reported HEPS and EPS for the comparative period were ZAR9.41 and ZAR9.30 respectively.

The increase in earnings for the period is largely attributable to higher export iron ore prices, partially offset by the stronger Rand/US$ exchange rate. More information will be provided in the Company’s results for the period to be released on SENS on 25 July 2017.

The financial information, on which this trading statement is based, has not been reviewed and reported on by the company’s external auditors.

Leave a Reply

Ver peliculas online
%d bloggers like this: