Trading statement for the year ended 31 December 2013
RBPlat is in the process of finalising its financial results for the year ended 31 December 2013. The company advises that it anticipates earnings per share (“EPS”) and headline earnings per share (“HEPS”) for the year ended 31 December 2013, to be between 160 cents and 180 cents, compared to an EPS and HEPS of 104 cents for the previous corresponding period (the year ended 31 December 2012).
Normalised EPS for the year ended 31 December 2013, after adjusting for an additional amortisation and depreciation charge related to a fair value adjustment is anticipated to be between 200 cents and 220 cents compared to Normalised EPS of 142 cents for the previous corresponding period.
The expected increase in EPS, HEPS and Normalised EPS is primarily due to higher sales volumes and higher ZAR basket prices due to the ZAR weakening against the USD in 2013 compared to 2012 as well as good cost containment resulting from improved mining flexibility and specific cost reduction strategies.
RBPlat expects to release its results for the year ended 31 December 2013 on or about 4 March 2014.
The information set out in this announcement has not yet been reviewed and reported on by the company’s external auditors.
Macquarie First South Capital (Pty) Limited
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