Trading statement for the year ended 31 December 2012
RBPlat is in the process of finalising its financial results for the year ended 31 December 2012. The company advises that it anticipates earnings per share (“EPS”) and headline earnings per share (“HEPS”) for the year ended 31 December 2012, to be between 91 cents and 107 cents, compared to an EPS and HEPS of 167 cents for the previous corresponding period (the year ended 31 December 2011).
Normalised EPS for the year ended 31 December 2012, after adjusting for an additional amortisation and depreciation charge related to a fair value adjustment, is anticipated to be between 124 cents and 148 cents compared to Normalised EPS of 214 cents for the previous corresponding period.
The expected decrease in EPS, HEPS and Normalised EPS is primarily due to lower sales volumes and elevated mining industry unit cost inflation which was exacerbated by an increased level of safety related stoppages during the first half of 2012 and the consequences of the unprecedented labour unrest experienced by the industry during the second half of 2012. Sales volumes for the period were lower primarily due to reduced built-up head grades.
RBPlat expects to release its results for the year ended 31 December 2012 on or about 5 March 2013.
The information set out in this announcement has not yet been reviewed and reported on by the company’s external auditors.
7 February 2013
Macquarie First South Capital (Pty) Limited
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