Shareholders have been advised that Implats’ headline earnings per share (HEPS) for the financial year ended 30 June 2014 is expected to be between 82 and 98 cents which is between 70% and 75% lower than that of the financial year ended 30 June 2013 (HEPS of 330 cents). This is mainly due to the five-month industrial action experienced by the Impala Rustenburg operations.
Basic earnings per share (EPS) are expected to be between zero and three cents which is between 98% and 100% lower than the previous comparable period, being the year ended 30 June 2013 (EPS of 168 cents). The expected decrease in EPS is a result of the impact of the above-mentioned factor and includes the add-back of impairments (after tax) for headline earnings calculations of approximately R480 million.
