Last Updated :
15 July 2009 at 17:55 IST
Anglo Platinum HEPS down
LONDON (Commodity Online): Anglo Platinum (AMS) said for the half-year ended June 2009, its headline earnings per share are expected to be between 90% and 99% lower than the HEPS of 3,563 cents for the half-year ended June 2008.
The group said in a trading statement that basic earnings per share for the half- year are expected to be between 65% and 75% lower than the 3,547 cents for the half-year ended June 2008.
The company said the expected decrease is primarily as a result of lower Rand prices of metals sold despite higher sales volumes.
The difference between the basic EPS and HEPS reflects the profit in respect of the previously announced BEE transactions with Mvela Resources and Anooraq, which is excluded from headline earnings.
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