Kumba’s results for the twelve months ending 31 December 2013, the period, will be released on SENS on or about 11 February 2014.
Headline earnings and basic earnings for the period are likely to be at least 20% higher than the previous 12 months, ended 31 December 2012.
Headline earnings and basic earnings reported for the 12 months ended 31 December 2012, as released on SENS on 12 February 2013, the comparative period, were ZAR12.198 million and ZAR12.212 million respectively while headline earnings per share (HEPS) and earnings per share (EPS) reported for the comparative period were ZAR37.97 and ZAR38.02 respectively.
The increase in earnings is largely attributable to an increase in export iron ore prices and a weaker exchange rate, partially offset by lower production from Sishen mine during the period.
In this regard, HEPS and EPS are also likely to be at least 20% higher than those of the comparative period.
Shareholders are advised that a further trading statement will be issued in due course to provide forecast ranges for HEPS and EPS as required by the JSE Listing requirements.
The financial information on which this trading statement is based has not been reviewed and reported on by the Company’s external auditors.