Impala Platinum Expects Fall in Fiscal Year 2022 Basic Earnings After Prior Year Boosted by One-Offs
August 05 2022 - 3:02AM
Dow Jones News
By Kyle Morris
Impala Platinum Holdings Ltd. said Friday that basic earnings
for fiscal 2022 are expected to decrease between 29% and 35% to
between 30.5 billion South African rand and 33.5 billion South
African rand ($1.84 billion-$2.02 billion) after the prior-year
period benefited from one-offs.
The precious-metals mining company said earnings per share are
expected to decrease by between 33% and 39%, to between 3.669 rand
cents and 4.030 rand cents.
Implats said gross refined volumes in the fiscal year declined
by 5.6% to 3.09 million 6E ounces.
Gross concentrate volumes fell to 3.17 million 6E ounces from
3.29 million 6E ounces a year earlier, the company said.
Sales volumes were 3.15 million 6E ounces, compared with 3.27
million 6E ounces, it said.
Revenue per 6E ounce sold is expected to decline by 4.5% to
ZAR37,703, reflecting the impact of weaker dollar pricing, it
said.
Write to Kyle Morris at kyle.morris@dowjones.com
(END) Dow Jones Newswires
August 05, 2022 02:47 ET (06:47 GMT)
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